Final answer:
Luxury goods are expected to have the most elastic demand because consumers can more easily forego or substitute these items when prices change, unlike necessity goods which are essential.
Step-by-step explanation:
Of the following goods, you would expect luxury goods to have the most elastic demand. Luxury goods are typically not necessary for day-to-day survival and often have many alternatives. This means that changes in price can lead to larger changes in the quantity demanded, as consumers can more easily forego or substitute luxury items based on price changes. On the other hand, necessity goods tend to have inelastic demand because consumers need them regardless of price changes. Inferior goods can have varying elasticity, as they are goods that people generally buy more of as their income decreases. Finally, the demand for complementary goods can be affected by changes in the demand for the related good, not just their price alone. For instance, a rise in the price of cars might reduce the demand for car tires, assuming tires are a complement to cars.