The demand for which of the following is likely to be the most price inelastic?

Question

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Transportation is a broad category that includes multiple modes of travel such as cars, trains, and airplanes. As a necessity of modern life, the demand for transportation is likely to be more price inelastic than Uber rides, bus tickets, or airline tickets, which are more discretionary expenses. Therefore, A is the best choice for the most price inelastic option.

The Demand for Which of the Following Is Likely to Be