Examlex
Which of the following factors contributes most positively to the development of secure attachment between human infants and their mothers?
Elastic Demand
A demand relationship in which the percentage change in quantity demanded is larger than the percentage change in price in absolute value (a demand elasticity with an absolute value greater than 1).
Long Run
The period in which all factors of production and costs can be fully adjusted, allowing for all inputs and operations to change.
Substitutes
Goods that can serve as replacements for one another; when the price of one increases, demand for the other increases.
Elastic Demand
A situation in which the demand for a good or service is sensitive to price changes, meaning a small change in price leads to a significant change in the quantity demanded.
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