Which One of the Following Goods Would Likely Have the Most

question 63

Multiple Choice

Which one of the following goods would likely have the most inelastic demand?

• A) Kellogg's corn flakes
• B) salt
• C) a new Toyota automobile
• D) fresh green beans

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Definitions:

Osteoporosis

A medical condition characterized by weakened bones, increasing the risk of sudden and unexpected fractures.

Prevented

Stopped something from happening or arising.

Managed

Handled or controlled with a degree of skill, such as managing resources or an event.

Practical Experience

Hands-on or direct involvement in day-to-day tasks, which aids in learning and development of skills.