Which of the Following Statements Is Most Likely to Be

Multiple Choice

Which of the following statements is most likely to be true?

A) The elasticity of demand for a night at a caravan park is likely to be more elastic than a night at a five-star resort.
B) The elasticity of demand for the latest model Porsche is likely to be less elastic than that for a toy model of a Porsche.
C) The elasticity of demand for a meal at an exclusive restaurant is likely to be less elastic than that for a packet of two-minute noodles.
D) The elasticity of demand for salt is likely to be less elastic than that for chinaware.