Which of the Following Goods Is Likely to Have the Most

question 125

Multiple Choice

Which of the following goods is likely to have the most price inelastic demand?

• A)margarine
• B)Tide detergent
• C)cigarettes
• D)Coca-Cola
• E)ground beef

---

Definitions:

Alternative Path Experiment

An experimental design used to explore different or novel ways in which a task can be accomplished or a problem can be solved.

Tolman And Honzik

Researchers known for their studies in latent learning and cognitive maps in rats, demonstrating learning can occur without immediate rewards.

Latent-Learning Experiments

These experiments demonstrate that learning can occur without reinforcement and can be manifested suddenly when a reward is introduced.

Reward

A positive reinforcement that increases the likelihood of a particular behavior being repeated.