Which of the Following Will Cause Demand to Be Relatively

question 150

Multiple Choice

Which of the following will cause demand to be relatively elastic?

• A)There are few substitutes
• B)The time interval is relatively long
• C)The good is considered a necessity
• D)The good involves a relatively small portion of the consumers' budget
• E)The time interval is relatively short

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Definitions:

Temples

Sacred buildings dedicated to worship and religious or spiritual rituals, often significant in various religious traditions.

Great Pyramid

Also known as the Pyramid of Khufu or Cheops, it is the oldest and largest of the three pyramids in the Giza pyramid complex in Egypt.

Gizeh

An archaeological site on the outskirts of Cairo, Egypt, known for the Great Pyramid and the Great Sphinx, dating back to the ancient Old Kingdom.

Interior

Pertaining to the inside or inner part of something, often referring to the design and arrangement of the inside space of buildings or rooms.