For Which of the Following Is Demand Likely to Be

question 114

Multiple Choice

For which of the following is demand likely to be most price-elastic?

• A)steak
• B)beef (including steak, ribs, hamburger, etc.)
• C)meat (including beef, pork, chicken, lamb, etc.)
• D)protein foods (including meat, cheese, beans, eggs, fish, etc.)
• E)none of the above (they will all have the same elasticity)