You are told that the demand for Iwisa maize meal is more price elastic than the demand for all maize meal as a whole. Which of the following correctly explains this statement?

Question

Answer

Maize meal is a necessity.

Answer

There are fewer substitutes for Iwisa maize meal than for maize meal as a whole.

Answer

Iwisa maize meal is a luxury product.

Answer

There are more substitutes for Iwisa maize meal than for maize meal as a whole.

Crowdly

You are told that the demand for Iwisa maize meal is more price elastic than the...

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