For which of the following is demand likely to be the most price inelastic?
A) furniture
B) automobiles
C) hotel rooms
D) airline travel
E) candy bars
Correct Answer:
Verified
Q148: If people have more time to adjust
Q149: As consumers have a longer time period
Q150: If people have more time to adjust
Q151: If the price of a good doubles
Q152: The demand for flour is
A)inelastic because there
Q154: If an increase in price from $1
Q155: If supply is perfectly elastic, the supply
Q156: Which of the following does not determine
Q157: All other things constant, goods will have
Q158: Exhibit 5-18 
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