Which of the Following Statements Is False

question 94

Multiple Choice

Which of the following statements is false?

• A) Ham has a higher price elasticity of demand than meat.
• B) Peaches have a higher price elasticity of demand than fruit.
• C) Soap has a higher price elasticity of demand than Ivory Soap.
• D) Carrots have a higher price elasticity of demand than vegetables.

---

Definitions:

Pro Rata Share

A portion of a whole that is allocated proportionally among participants based on their share or contribution.

Insufficient Funds

Insufficient funds occur when an account does not have enough money to cover checks or electronic withdrawals made against it, often resulting in fees and declined transactions.

Preferential Lien

A lien that gives the creditor the right to be paid before other creditors if the debtor defaults or assets are liquidated.

Existing Debt

Financial obligations or loans that a person or entity is currently responsible for.