-If a Product Has Few Substitutes,which of the Following Statements

question 64

Multiple Choice

-If a product has few substitutes,which of the following statements is correct?

• A)It is likely that its income elasticity is high.
• B)It is likely that it is an inferior product.
• C)It is likely that its supply elasticity is high.
• D)It is likely that its price elasticity of demand is low.

Understand personal and institutional responsibilities in respecting and accommodating religious practices.

Understand the definition and implications of secularism in societal contexts.

Recognize and analyze the growth trends of religious groups in Canada and their potential societal impacts.

Understand the criteria that distinguish human language from animal communication systems.

---

Definitions:

Recycled Shoes

Footwear made from recycled materials, promoting environmental sustainability by reducing waste.

Sustainability

The principle of meeting present needs without compromising the ability of future generations to meet their own needs, often with a focus on environmental, economic, and social considerations.

100 Percent Recyclable

Refers to materials or products that can be completely reprocessed and made into new products without losing quality or utility.

Corporate Volunteering

A program where a company supports and encourages its employees to volunteer their time to community service projects or non-profit organizations, sometimes during paid work hours.