The Closer the Substitutes for a Good, the

question 85

Multiple Choice

The closer the substitutes for a good, the

• A) more elastic is the demand for the good.
• B) less elastic is the demand for the good.
• C) smaller the degree of substitutability between the goods.
• D) larger the proportion of income that is spent on the good.

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Definitions:

Nasal Polyps

are noncancerous growths on the lining of nasal passages or sinuses, leading to breathing difficulties, loss of smell, and frequent infections.

Surgical Removal

The process of operating to remove a part of the body or a foreign object.

Diabetic Retinopathy

A diabetes complication that affects the eyes, characterized by damage to the blood vessels of the retina, leading to vision impairment.

Itching and Burning Sensations

Uncomfortable feelings on the skin that urge scratching and may feel hot, often indicative of an underlying medical condition or irritation.