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:

Good Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Younger

Being of a lesser age, especially in comparison to someone else, or denoting a more recent period or version.

Sense Of Integrity

A personal feeling of consistency in actions, values, methods, measures, principles, expectations, and outcomes.

Despair

A profound sense of hopelessness, inadequacy, and inability to cope with adverse situations or the challenges of life.