The Price Elasticity of Demand Would Most Likely Be Highest

question 19

Multiple Choice

The price elasticity of demand would most likely be highest for which of the following goods?

• A)food (in general)
• B)cars (in general)
• C)clothing (in general)
• D)Ford cars

---

Definitions:

Real Solutions

The set of all real numbers that satisfy an equation.

Quadratic Equation

An equation of the form ax^2 + bx + c = 0, where a, b, and c are constants, and a ≠ 0.

Square Root Property

A principle that relates the square of a number to its square root, often used to solve equations.

Square Root Property

A principle that states if \(x^2 = n\), then \(x\) is equal to the positive or negative square root of \(n\).