The Demand for a Good Is More Price Inelastic If

question 177

Multiple Choice

The demand for a good is more price inelastic if

• A) its price is higher.
• B) the percentage of income spent on it is larger.
• C) it is a luxury good.
• D) it has no close substitutes.

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Definitions:

Centrioles

Cylindrical structures found in animal cells that are involved in the development of spindle fibers in cell division.

Microvilli

Tiny projections on the surface of some cells that increase surface area for absorption or secretion.

Cilia

Hair-like structures on the surface of some cells that beat in waves to move fluid, mucus, or materials over the cell surface.

Flagella

Long, whip-like structures that protrude from the cell body of certain cells, used for movement.