Which of the Following Goods Is Likely to Have the Most

question 79

Multiple Choice

Which of the following goods is likely to have the most elastic demand curve?

• A) Tobacco products.
• B) Gasoline.
• C) Medical care.
• D) Honda automobiles.

---

Definitions:

Negligence

A failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

ATM Card

An ATM card is a plastic card issued by a bank or financial institution, enabling the cardholder to deposit, withdraw, or transfer funds through an Automated Teller Machine.

Notify

To inform or give notice to someone about specific information or an event.

Forgery

The process of making, adapting, or imitating objects, statistics, or documents with the intent to deceive.