Author Question: Which of the following goods would have the most inelastic demand? A) bread B) big screen TVs C) ... (Read 47 times)

Themember4 · **on:** Jun 29, 2018

Which of the following goods would have the most inelastic demand?

A) bread B) big screen TVs C) luxury cars D) ski vacations

Question 2

Typically, the higher the level of income per person in a country, the higher the level of spending per person on health care. This relationship between income and spending indicates that health care is a

A) inferior good. B) necessity. C) normal good. D) luxury.

aliotak · **Reply #1 on:** Jun 29, 2018

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