The Demand for Flour Is

question 136

Multiple Choice

The demand for flour is

• A)inelastic because there are few substitutes for flour and it represents a large percentage of a consumer's budget
• B)inelastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget
• C)inelastic because there are few substitutes for flour and it represents a small percentage of a consumer's budget
• D)elastic because there are no substitutes for flour and it represents a large percentage of a consumer's budget
• E)elastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget

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Definitions:

E-procurement

Electronic procurement involves the use of online systems and tools to conduct the purchasing process and obtain goods and services.

Data Management

The process of collecting, storing, organizing, and maintaining the data created and collected by an organization.

Part Numbers

Unique identifiers assigned to individual parts or components within a manufacturing or inventory system.