Which One of the Following Goods Would Likely Have the Most

question 63

Multiple Choice

Which one of the following goods would likely have the most inelastic demand?

• A) Kellogg's corn flakes
• B) salt
• C) a new Toyota automobile
• D) fresh green beans

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Definitions:

Adolescence

A developmental stage between childhood and adulthood characterized by significant physical, psychological, and social changes.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans.

Unique Person

An individual who is distinct and different from others in specific or general ways.

Early Sexual Activity

Refers to the engagement in sexual behaviors at an earlier stage of human development than is culturally or statistically normative.