Which of These Is the MOST Likely to Have the Highest

question 293

Multiple Choice

Which of these is the MOST likely to have the highest elasticity of demand?

• A) salt
• B) pepper
• C) dog food
• D) theme park tickets

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Definitions:

Hiring Quotas

Policies that require a certain percentage of job positions to be reserved for members of specific groups, often to correct historical discrimination.

Anglicise

To make or become English in form or character, often referring to language adaptation or cultural assimilation.

Preconceived Ideas

Beliefs, opinions, or notions formed in advance of having the evidence for their truth or usefulness, often leading to biases or misunderstandings.

Islam

A monotheistic religion founded in the 7th century based on the teachings of Prophet Muhammad as presented in the Qur'an.