Which of the Following Items Has the Largest Price Elasticity

question 71

Multiple Choice

Which of the following items has the largest price elasticity of demand?

• A) food
• B) fruit
• C) oranges
• D) oranges from a Wal-Mart SuperCenter

Understand the features distinguishing urban and rural areas, including environmental and lifestyle differences.

Recognize strategies for creating urban open spaces and controlling land use.

Acknowledge the role of governmental and non-governmental entities in urban planning and sprawl management.

Understand the principles of new urbanism in promoting sustainable urban design.

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Definitions:

Insulin

A hormone that regulates the amount of sugar in the blood by facilitating its entry into the cells.

Rubber Diaphragm

A flexible disc made of rubber or silicone used in devices, such as contraceptive diaphragms or mechanical parts, to create a seal or control flow.

Vial

A small glass bottle with a self-sealing rubber stopper.

Punctured

Having been pierced or perforated, often leading to the escape of contents from something such as a tire or balloon.