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Which of the Following Statements Is Most Likely to Be

Question 80

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.

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