For Which of the Following Is Demand Likely to Be

question 137

Multiple Choice

For which of the following is demand likely to be the most price elastic?

• A)a good for which there are no close substitutes
• B)a good for which there are no easily-obtained substitutes
• C)a good with close substitutes that are difficult to obtain
• D)a good that is no longer being produced
• E)a good for which close substitutes are easily obtained

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Definitions:

Sackville Waterfowl Park

A nature reserve located in Sackville, New Brunswick, Canada, known for its diverse bird species and natural habitats.

New Brunswick

A maritime province in eastern Canada, known for its forested landscape, rivers, and coastal regions along the Atlantic Ocean.

Nova Scotia

A province located on Canada’s Atlantic coast, known for its maritime heritage, natural beauty, and cultural diversity.

Marine Fish Populations

The total numbers of fish living in the ocean, which can vary by species and are affected by environmental factors.