The elasticity of demand of durable goods is

A).  Less than unity

B).  Greater than unity

C).  Equal to unity

D).  Zero

 Greater than unity

The elasticity of demand of durable goods is greater than unity. Price elasticity of demand for durable goods is generally more elastic in short run than in long run. That is, quantity demanded is more sensitive to price changes of such durable goods in short run and not so much in the long run.

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