For a Good That Is a Necessity,demand

question 134

Multiple Choice

For a good that is a necessity,demand

• A)tends to be inelastic.
• B)tends to be elastic.
• C)has unit elasticity.
• D)cannot be represented by a demand curve in the usual way.

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Definitions:

Environmental Factor

An element of the physical or biological world that can influence the survival, development, or evolution of organisms.

Competition

An ecological interaction where individuals or species compete for limited resources, affecting their growth and survival.

Least Developed Countries

Countries recognized by the United Nations for their low socioeconomic development and human assets.

Ecological Term

Refers to concepts and vocabulary associated with the branch of biology that studies the interactions between organisms and their environment.