Which of the Following Would Cause a Demand Curve for a Good

question 36

Multiple Choice

Which of the following would cause a demand curve for a good to be price inelastic?

• A) The good is a luxury.
• B) There are a great number of substitutes for the good.
• C) The good is a necessity.
• D) The good is an inferior good.

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Definitions:

Liver

A vital organ located in the upper right portion of the abdomen, involved in many critical functions including detoxification, protein synthesis, and production of biochemicals necessary for digestion.

Pneumocystis Carinii

A type of fungus that can cause pneumonia in individuals with weakened immune systems, known as Pneumocystis pneumonia.

Malaise

A general feeling of discomfort, illness, or uneasiness whose exact cause is difficult to identify, often signaling the onset of an infection or other disease.

AIDS

Acquired Immunodeficiency Syndrome, a chronic, potentially life-threatening condition caused by the human immunodeficiency virus (HIV).