In General, a "Big Ticket Item" Such as a House

question 128

Multiple Choice

In general, a "big ticket item" such as a house or new car will

• A)tend to have a more elastic demand than a lower-priced good.
• B)tend to have an inelastic demand because spending on the item takes up a large share of the average consumer's budget.
• C)tend to have an inelastic demand because it has many substitutes.
• D)tend to have a more inelastic demand the more time that passes.

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Definitions:

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace or academic setting.

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Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Charter of Rights and Freedoms

A foundational legal document in Canada that guarantees fundamental rights and freedoms to its citizens.

Sexual Orientation

An enduring emotional, romantic, sexual, or affectional attraction towards others, recognized as an aspect of personal identity.