When There Are More Substitutes for a Product, the ________

question 159

Multiple Choice

When there are more substitutes for a product, the ________ for the product is ________.

• A) demand; less price elastic
• B) demand; more price elastic
• C) income elasticity; greater
• D) income elasticity; smaller

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Definitions:

Islam

A monotheistic religion founded in the 7th century based on the teachings of Prophet Muhammad as presented in the Qur'an.

Discriminatory

Showing bias or prejudice resulting in unfair treatment of individuals or groups based on characteristics such as race, age, or gender.

Yom Kippur

The holiest day of the Jewish year, also known as the Day of Atonement, during which individuals reflect upon their actions and seek forgiveness for their sins.

Accommodations

Adjustments or modifications made to spaces, policies, or practices to support individuals’ specific needs, such as accessibility for people with disabilities.