An Important Determinant of Elasticity Is the Availability of Substitutes

question 235

True/False

An important determinant of elasticity is the availability of substitutes.

---

Definitions:

Inconsistent

Showing variance and lack of uniformity or stability in thoughts, actions, or quality over time.

Unsystematic

Lacking a plan, method, or coherence, often referring to information or actions that are disorganized or random.

Rigid

Describes an inability or unwillingness to adapt or change one's thoughts, behaviors, or attitudes despite new information or changing circumstances.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.