For Which of the Following Goods Are Services Are Prices

question 98

Multiple Choice

For which of the following goods are services are prices least sticky?

• A) Taxi fares.
• B) Haircuts.
• C) Microwave ovens.
• D) Airline tickets.

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Definitions:

Financial Manager

A professional responsible for managing an organization's financial health, developing strategies, and plans for long-term financial goals.

Leverage

The use of borrowed capital or financial instruments to increase the potential return of an investment.

Borrows Money

The act of receiving funds from another party under the agreement to return the principal amount along with interest or other charges.