menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Canada
  4. Exam
    Exam 4: Elasticity
  5. Question
    For Which One of the Following Is Demand Likely to Be
Solved

For Which One of the Following Is Demand Likely to Be

Question 127

Question 127

Multiple Choice

For which one of the following is demand likely to be most price inelastic?


A) diamonds
B) insulin for a diabetic
C) potatoes
D) gasoline
E) books

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q122: A technological breakthrough lowers the cost of

Q123: The demand for corn increases.As a result,the

Q124: A decrease in tuition fees decreases the

Q125: Demand is unit elastic when<br>A)an increase in

Q126: Total revenue from the sale of a

Q128: Use the table below to answer the

Q129: Short-run supply is<br>A)more elastic than momentary supply

Q130: If a large percentage fall in the

Q131: The income elasticity of demand equals the

Q132: Use the table below to answer the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines