Multiple Choice
Do goods that are necessities tend to be price elastic or price inelastic?
A) Price elastic
B) Price inelastic
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q56: Regressive taxes typically people in a higher
Q57: Which kind of government features a goal
Q58: What is the correct term for the
Q59: According to a demand curve, the prices
Q60: What is reached when demand and supply
Q62: Which of the following would cause the
Q63: In the quantity theory of money, what
Q64: Because of the law of diminishing returns,
Q65: In a competitive market, the prices of
Q66: What is the term that economists use