Which of the Following Statements Is Most Likely to Be

question 105

Multiple Choice

Which of the following statements is most likely to be true?

• A) The elasticity of demand for a night at a caravan park is likely to be more elastic than a night at a five-star resort.
• B) The elasticity of demand for the latest model Porsche is likely to be less elastic than that for a toy model of a Porsche.
• C) The elasticity of demand for a meal at an exclusive restaurant is likely to be less elastic than that for a packet of two-minute noodles.
• D) The elasticity of demand for salt is likely to be less elastic than that for chinaware.

---

Definitions:

Intentionally Harms

The deliberate infliction of injury or damage to another person or entity.

Helpful

Providing assistance or benefit to others, often by offering support or making tasks easier to accomplish.

Milgram

Refers to a series of social psychology experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Obedience

The act of following orders or directions from someone in authority, or adhering to a set of rules or laws.