The Demand for a Good Is Inelastic

question 81

Multiple Choice

The demand for a good is inelastic. Which of the following would be an explanation for this?

• A) The good is a necessity.
• B) The good is specifically defined.
• C) The good costs a large portion of one's total income.
• D) The time interval considered is long.

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Definitions:

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A treatment approach involving psychological methods, typically involving conversations with a therapist, to help someone overcome emotional or behavioral problems.

Controlled Research

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