Arrange the following products in the increasing order of price elasticities
(A) Homogeneous products
(B) Differentiated products
(C) Necessities
(D) Durable goods
Choose the correct answer from the options given below:
1
(C), (B), (D) and (A)
2
(A), (B), (C) and (D)
3
(A), (C), (B) and (D)
4
(C), (A), (B) and (D)