Question

question which of the following goods would most likely have high elasticities of demand? please select two answers. select all that apply: luxury cars electricity gasoline restaurant meals

Explanation:

Elasticity of demand is high for goods that are not necessities and have substitutes. Luxury cars are not essential and there are different brands and types. Restaurant meals also have substitutes like home - cooked meals. Electricity and gasoline are necessities with few substitutes in the short - term, so they have low elasticities of demand.

Answer:

luxury cars, restaurant meals