Which of the Following Goods Would Have the Most Inelastic

question 129

Multiple Choice

Which of the following goods would have the most inelastic demand?

• A)ski vacations
• B)bread
• C)luxury cars
• D)big screen TVs

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Definitions:

Parental Acculturation

The process by which parents from one cultural background adapt to and adopt the cultural practices, language, and norms of a different culture, affecting family dynamics and child-rearing practices.

Culture

pertains to the shared values, beliefs, norms, and practices that characterize a group of people or a society.

Depression

A common mental disorder characterized by persistent sadness, lack of interest or pleasure in activities, and a range of physical and cognitive symptoms.

Adolescent Mothers

Young females, typically within the teenage years, who have become pregnant and are in the process of carrying, or have delivered, a child.