Which of the Following Is Relatively Inelastic with Respect to Demand

question 112

Multiple Choice

Which of the following is relatively inelastic with respect to demand?

• A) A luxury good.
• B) A good with few substitutes.
• C) A good that is very expensive.
• D) A good that is a complement.

---

Definitions:

Time Line Chart

Chart that shows how much time is needed to complete each task in a project.

Surface Chart

A type of chart used in data visualization to represent three-dimensional data; it shows the relationships among three variables.

Cumulative Effect

The overall impact resulting from the addition of several individual effects.

Line Chart

A type of graph that displays information as a series of data points connected by straight line segments.