QuestionJune 24, 2025

Multiple Choice Question Which item would be considered the most elastic? A candy bar A cup of coffee A car

Multiple Choice Question Which item would be considered the most elastic? A candy bar A cup of coffee A car
Multiple Choice Question
Which item would be considered the most elastic?
A candy bar
A cup of coffee
A car

Solution
4.3(254 votes)

Answer

A candy bar Explanation 1. Define Elasticity Elasticity measures how demand changes with price. More elastic means demand changes significantly with price. 2. Compare Items A candy bar and a cup of coffee are everyday items with many substitutes, making them more elastic. A car is a significant purchase with fewer substitutes, making it less elastic.

Explanation

1. Define Elasticity<br /> Elasticity measures how demand changes with price. More elastic means demand changes significantly with price.<br />2. Compare Items<br /> A candy bar and a cup of coffee are everyday items with many substitutes, making them more elastic. A car is a significant purchase with fewer substitutes, making it less elastic.
Click to rate:

Similar Questions