Of the Following, Demand Is Likely to Be the Most

question 285

Multiple Choice

Of the following, demand is likely to be the most elastic for

• A) food.
• B) cars.
• C) Sony Blu-ray players.
• D) personal computers.

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Definitions:

Liable

Refers to the legal responsibility or obligation of an individual or entity to remedy a loss, harm, or injury caused to another party.

Chocolate Bar

A confectionery item primarily composed of chocolate, which may contain other ingredients like nuts, fruits, or caramel.

Metal

A class of elements characterized by good conductivity, shininess, malleability, and ductility, which are often used in building materials and manufacturing.