Which of the Following Is Likely to Have the Most

question 100

Multiple Choice

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

• A)strawberry-banana milk shakes
• B)gasoline in the short run
• C)diamond earrings
• D)box seats at a major league baseball game

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Definitions:

Assumption

Something presumed to be true or certain to occur, even without evidence.

Simp

A slang term often used colloquially to describe someone who performs excessive sympathy and attention toward another person, sometimes in pursuit of a romantic relationship, typically perceived as not reciprocated or appreciated to the same extent.

Taut

An expression or statement that is redundantly repetitive or circular in its reasoning, effectively always true.

Contra

Against or in opposition to a particular argument or claim.