Demand for a Necessity, Such as Food, Is

question 188

Multiple Choice

Demand for a necessity, such as food, is

• A)both income and price inelastic
• B)income inelastic and price elastic
• C)income elastic and price inelastic
• D)both income and price elastic
• E)income elastic and perfectly price inelastic

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Definitions:

Months

units of time in the calendar, typically used to measure periods of about 30 days long, which together constitute a year.

Simple Reflexes

Basic, automatic motor responses to specific stimuli, present from birth, illustrating the foundational aspects of human neurology.

Sensorimotor Thought

The first stage in Piaget's theory of cognitive development, where infants understand the world through their sensory experiences and motor actions.

Tertiary Circular Reactions

Repeated experimental behaviors in infants aged 12 to 18 months, part of their cognitive development, showing purposeful adaptation to new situations.