The Demand for Flour Is

question 136

Multiple Choice

The demand for flour is

• A)inelastic because there are few substitutes for flour and it represents a large percentage of a consumer's budget
• B)inelastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget
• C)inelastic because there are few substitutes for flour and it represents a small percentage of a consumer's budget
• D)elastic because there are no substitutes for flour and it represents a large percentage of a consumer's budget
• E)elastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget

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Definitions:

Manipulated Independent Variables

Manipulated independent variables are those that researchers intentionally change or control in an experiment to observe their effects on dependent variables.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Need For Achievement

The motive to engage in and succeed at entrepreneurial achievement behavior.