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Subject - Economics:

Microeconomics

MCQ - 117-4127

Question:

Which of the following goods is likely to have the most elastic demand curve?

  1. Demand for white Ford minivans
  2. Demand for automobiles
  3. Demand for Ford automobiles
  4. Demand for automobiles
  5. Demand for a Ford minivan

Correct Answer: A

Explanation:

The more narrowly a good is defined, the more elastic demand.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following goods is likely to have the most elastic demand curve? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 117-4127.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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