Of the Following,which Good Has the Most Elastic Demand

question 251

Multiple Choice

Of the following,which good has the most elastic demand?

• A) food
• B) breakfast food
• C) cereal
• D) Post Raisin Bran
• E) Post Raisin Brand purchased at a Safeway grocery store

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Definitions:

Return on Total Assets

A financial ratio that measures a company's ability to generate earnings from its assets.

Gross Margin Percentage

A financial metric used to assess a company's financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold.

Net Profit Margin Percentage

A financial ratio that shows the percentage of net income derived from total revenue, emphasizing the profitability of a company after all expenses have been deducted.

Financing Activities

These activities generate cash inflows and outflows related to borrowing from and repaying principal to creditors and completing transactions with the company’s owners, such as selling or repurchasing shares of common stock and paying dividends.