Which of the Following Would Most Likely Make the Demand

question 154

Multiple Choice

Which of the following would most likely make the demand for an item more elastic?

• A)Buyers perceive there to be few close substitutes for the item.
• B)The item represents a small fraction of consumers' budgets.
• C)There are no costs of switching to competitors' products.
• D)Buyers have NOT had time to adjust to the price change.

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Definitions:

Capillary Endothelium

The single layer of cells lining the interior surface of blood capillaries, involved in the exchange of materials such as oxygen and carbon dioxide between blood and tissues.

Podocytes

Specialized cells in the kidney that wrap around capillaries of the glomerulus, playing a key role in the filtration of blood to form urine.

Renal Tubules

Renal tubules are microscopic tubes in the kidney where filtered blood is further processed into urine by reabsorbing water and nutrients and secreting wastes.

Cotransport

The simultaneous transport of two substances across a cell membrane in the same direction by a single carrier protein.