Question

among the following groups—senior executives, junior executives, and students—which is likely to have the most and which is likely to have the least price - elastic demand for membership in the association of business professionals? the group with the most price - elastic demand: (click to select) the group with the least price - elastic demand: (click to select)

Explanation:

Price - elastic demand is related to the sensitivity of quantity demanded to price changes. Students generally have lower disposable incomes, so they are more sensitive to price changes. Senior executives often have higher incomes and see membership in professional associations as important for career - building and networking, and are less price - sensitive.

Answer:

The group with the most price - elastic demand: Students
The group with the least price - elastic demand: Senior executives