In which of the following product markets should we see a higher price markup?
O one with a very elastic demand
O one with lots of substitutes
O one for a commodity good
O one with few substitutes

The correct answer is letter "D": one with few substitutes.

Explanation:

Price markups refer to setting the price for a good or service by adding a percentage of the costs of production and the costs of production. The result will be the price per unit of the good. Higher price markups can be charged by companies whose products have a few substitutes since consumers will not have other options from where to select to satisfy their needs.

Products with few substitutes tend to have an inelastic demand.

answer: nobody

explanation:

answer; burned it;