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MMLU-Pro / 7059 / Which of the following is likely to have a demand curve that is the least…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following is likely to have a demand curve that is the least elastic?

category

economics

options

  1. Demand for a good with many close substitutes
  2. Demand for the oligopoly firm's output with a differentiated product
  3. Demand for the monopolistic competition firm's output
  4. Demand for the perfectly competitive firm's output
  5. Demand for a luxury good
  6. Demand for a necessity good
  7. Demand for a highly substitutable good
  8. Demand for a good with no close substitutes
  9. Demand for the monopoly firm's output
  10. Demand for the oligopoly firm's output with a homogenous product

src

ori_mmlu-high_school_microeconomics

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Source and history

Official source

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