Requiring More of a Substance to Get the Same Desired

question 70

Multiple Choice

Requiring more of a substance to get the same desired effect is known as

• A) antagonism.
• B) tolerance.
• C) inhibition.
• D) withdrawal.

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Definitions:

Total Revenue

The overall income generated by a business through the sale of goods or the delivery of services within a certain period.

Elasticity of Demand

Elasticity of Demand measures how much the quantity demanded of a good responds to a change in the price of that good, indicating how sensitive consumers are to price changes.

Necessity

An essential requirement or need for something.

Luxury Good

A good for which demand increases more than proportionally as income rises, often seen as non-essential but desirable.