Examlex
Which of the following is likely to have the most price inelastic demand?
Cooperatives
Organizations or businesses owned and operated by their members, who share the benefits or profits.
Produced Goods
Items that have been manufactured or processed from raw materials, ready for sale and distribution in the marketplace.
Closed Shop
A form of union security agreement where the employer agrees to hire union members only, and employees must remain members of the union at all times in order to remain employed.
American Federation of Labor
A national federation of labor unions in the United States, founded in 1886, focusing on fair labor standards and worker rights.
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