Which of the Following Goods Is Likely to Have the Least

question 86

Multiple Choice

Which of the following goods is likely to have the least elastic demand over the relevant range of prices?

• A)insulin
• B)eggs
• C)milk
• D)Pepsi Cola
• E)gasoline

---

Definitions:

Environment Variable

A variable that describes the environment in which a program runs. It contains a name and a value, where the value is the path to the program identified by the variable name.

Program

A set of instructions that a computer uses to perform a specific task or operation.

Windows

Windows is a series of operating systems developed by Microsoft, providing a graphical interface for users to interact with their computers.

Variable

In scripting, the name of a storage location in the computer’s internal memory. The value of the variable is the contents at that memory location. It is called a variable because the value can change (vary) as the program runs.