Answered: which of the following goods would be…

which of the following goods would be most inelastic in demand? -Ford -Cars -Toyota -Ford Escape -Dont have enough information in the question

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 3QR

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Question

which of the following goods would be most inelastic in demand?

-Ford

-Cars

-Toyota

-Ford Escape

-Dont have enough information in the question

we can conclude that the good is ____in demand

-elastic

-unit elastic

-inelastic

-perfectly inelastic

-perfectly elastic

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