Which of the Following Statements Is Correct

question 106

Multiple Choice

Which of the following statements is correct?

• A) The larger the proportion of income spent on a good, the smaller the elasticity of demand.
• B) The demand for New Balance shoes is more elastic than the demand for shoes in general.
• C) The demand for a narrowly defined good is less elastic than the demand for a more broadly defined good.
• D) The demand for luxuries is less elastic than the demand for necessities.
• E) The demand for salt is very elastic.

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Definitions:

Marital Relations

The dynamics and interactions between individuals in a marriage, including emotional, physical, and sexual connections.

Stability

The quality of being unchanging, dependable, or resistant to sudden change or deterioration.

Romantic Bliss

A state of perfect happiness and harmony in a romantic relationship.

Marital Stability

The degree to which a marriage remains free from serious conflicts and the likelihood of it enduring over time.