Goods with Many Close Substitutes Tend to Have

question 39

Multiple Choice

Goods with many close substitutes tend to have

• A)more elastic demands.
• B)less elastic demands.
• C)price elasticities of demand that are unit elastic.
• D)income elasticities of demand that are negative.

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Definitions:

Aversive Racists

Individuals who hold subconscious negative attitudes towards a race but consciously endorse egalitarian values and believe they are non-prejudiced.

Egalitarian Values

Egalitarian values are principles that emphasize equality and equal rights across all aspects of society, including race, gender, and socioeconomic status.

Negative Feelings

Emotions such as sadness, anger, frustration, or fear, that are unpleasant or undesirable to an individual.

Prejudice Against Atheists

Negative attitudes, beliefs, or discriminatory acts directed towards individuals who do not believe in a deity or deities.