menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles Microeconomics
  4. Exam
    Exam 5: Elasticity and Its Applications
  5. Question
    Necessities Tend to Have A(n) ______ Demand Than Luxuries
Solved

Necessities Tend to Have A(n) ______ Demand Than Luxuries

Question 180

Question 180

Multiple Choice

Necessities tend to have a(n) ______ demand than luxuries.


A) more elastic
B) more inelastic
C) equally elastic
D) equally inelastic

Correct Answer:

verifed

Verified

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

Related Questions

Q175: Demand for a specific brand _ demand

Q176: The supply curve for manufactured goods is

Q177: Assume that demand decreases by 3 percent,

Q178: The elasticity of supply measures:<br>A) how responsive

Q179: The demand curve for oil is inelastic,

Q181: If two linear demand (or supply) curves

Q182: If the price elasticity of demand for

Q183: The midpoint method of calculating elasticity yields

Q184: In an effort to decrease carbon emissions

Q185: The price of good X increases from

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