Among the Following Pairs, Which Is Likely to Have the Greatest

question 271

Essay

Among the following pairs, which is likely to have the greatest price elasticity of demand? Why?
a.cars or Toyotas
b.electricity usage during a month or during a year
c.cable television or an apartment rental

---

Definitions:

Workplace Performance

The efficiency and effectiveness with which employees carry out their assigned tasks and responsibilities.

Self-esteem Types

Various categories or ways in which individuals perceive and value themselves, influencing their attitude and behavior.

Ideal Self

An individual's conception of themselves in terms of attributes or achievements they aspire to realize.

Real Self

The authentic version of an individual, encompassing their true feelings, desires, and beliefs, uninfluenced by external pressures.