The Demand for Flour Is

question 136

Multiple Choice

The demand for flour is

• A)inelastic because there are few substitutes for flour and it represents a large percentage of a consumer's budget
• B)inelastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget
• C)inelastic because there are few substitutes for flour and it represents a small percentage of a consumer's budget
• D)elastic because there are no substitutes for flour and it represents a large percentage of a consumer's budget
• E)elastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget

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Definitions:

Right of Way of Necessity

A legal grant allowing one to cross land owned by another, typically when it's essential for access to one's own land and no alternative route exists.

Express Easement

A right granted by a landowner for the use of a portion of their property for a specific purpose, explicitly stated in writing.

Common Elements

are the parts of a condominium or co-operative property that are shared among all owners, such as lobbies, gyms, and pools.

Right of Lien

The legal right to retain possession of property belonging to another person until a debt owed by that person is discharged.