A Good Will Have a More Elastic Demand,the

question 36

Multiple Choice

A good will have a more elastic demand,the

• A)greater the availability of close substitutes.
• B)more broad the definition of the market.
• C)shorter the period of time.
• D)more it is regarded as a necessity.

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Definitions:

Employee Concerns

Issues or worries that employees have related to their job, work environment, or relationship with management.

Balancing

The process of ensuring that different elements are in the correct proportion or position to create harmony, stability, or equality.

Demands

The requirements or needs that stakeholders expect to be fulfilled by an organization or individual.

Competitive Challenges

The difficulties or obstacles faced by organizations in maintaining or improving their position in the market.