The Total Demand for Many Business Goods and Services Is

question 24

Multiple Choice

The total demand for many business goods and services is not much affected by price changes. Thus, this demand is ________.

• A) derived
• B) fluctuating
• C) accelerated
• D) multiple
• E) inelastic

---

Definitions:

Memory

The cognitive process of retaining and recalling information or experiences.

Habituation

the process by which an individual becomes accustomed to a stimulus after repeated exposure, leading to a decrease in their response.

Pay Less Attention

Act of giving reduced focus or importance to something, potentially leading to overlooking or ignoring it.

Indeterminate Cleavage

Type of cleavage characteristic of deuterostomes; during early cleavage each cell has the potential of developing into a complete embryo. Compare with determinate cleavage.