Which one of the following goods or services should have the lowest price elasticity of demand based on the share of income devoted to the good or service?

Name: Which one of the following goods or services should have the lowest price elasticity of demand based on the share of income devoted to the good or service?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Toothpicks have a very low share of income devoted to them, making their demand less sensitive to price changes, resulting in low price elasticity.

Which One of the Following Goods or Services Should Have