Given the Proportion of a Consumer's Income Spent on Various

question 5

Multiple Choice

Given the proportion of a consumer's income spent on various goods,the demand for _____ is likely to be the most price inelastic.

• A)furniture
• B)automobiles
• C)hotel rooms
• D)airline travel
• E)candy bars

---

Definitions:

Modified Block

A format for documents where the start of each paragraph is indented, and key elements like the date and closing are positioned towards the right of the page.

Complimentary Close

A polite phrase used to end a letter or email, typically preceding the sender's signature.

Sender's Typed Name

In written communication, the printed version of the sender's name, often found at the end of a letter to identify who has sent it.

Paper Quality

The measure of a paper's suitability for a specific use, determined by factors like weight, texture, brightness, and resistance to aging.