Which of the following goods is likely to have the most elastic demand?
A) movie
B) cigarettes
C) electricity
D) gasoline

Name: Which of the following goods is likely to have the most elastic demand? A) movie B) cigarettes C) electricity D) gasoline
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Question

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Movies are not a necessity and there are many substitutes like watching a movie at home, reading a book, or going for a walk, etc. Therefore, the demand for movies is likely to be more elastic compared to other goods, which have fewer substitutes.

Which of the Following Goods Is Likely to Have the Most