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The demand for milk as a category is not sensitive

Economics

The demand for milk as a category is not sensitive. Which of the following could be among the reasons why the demand is so inelastic?

a. The amount of milk dairies produce cannot change quickly in response to price movements.

b. None of the substitutes for milk are very close substitutes.

c. It is a narrow category within the larger category of dairy products.

d. Milk is a large portion of any consumer's total spending.

Option 1

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