For Which of the Following Is Demand Most Likely to Be

question 52

Multiple Choice

For which of the following is demand most likely to be perfectly inelastic?​

• A)BMW automobiles.
• B)Pepsi Cola.
• C)Hot dogs.
• D)Insulin.
• E)Tylenol.

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Definitions:

Individual Motivations

Personal drives or reasons that propel people to act or behave in certain ways, shaped by desires, goals, and values.

Dominate

To dominate means to have a commanding influence or control over something or someone.

Instinct Theories

Psychological theories suggesting that certain behaviors are innate and driven by evolutionary pressures.

Social Psychologists

Scientists who study how individuals' thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.