Which Products Are Most Likely to Be Most Price Elastic

question 95

Multiple Choice

Which products are most likely to be most price elastic?

• A) Sugar and eggs
• B) Clothing and auto repair
• C) China and glassware
• D) Electricity and housing

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Definitions:

Worksheet

A document or tool used for planning, calculating, or recording information, especially in accounting.

Financial Statements

A set of formal records that outline the financial activities and condition of a business, entity, or individual, including the balance sheet, income statement, and cash flow statement.

Long-term Investments

Assets that a company intends to hold for more than one fiscal year, such as stocks, bonds, or real estate.

Property Plant

Assets of a tangible nature, like buildings and machinery, used in operations and expected to be used over several years.