Examlex
Which of the following products has the least elastic demand?
Innovation
The act of introducing something new, such as an idea, method, or device, to improve processes, products, or services.
C Corporation
An organizational form for businesses where shareholders, the owners, face taxation independently from the corporation.
Shareholders
Individuals or entities that own shares in a corporation, thus having a claim on part of its assets and earnings.
Legally Liable
Being subject to legal responsibility or obligation, particularly in the context of lawsuits or compensations.
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