Which of the Following Is Likely to Have the Most

question 65

Multiple Choice

Which of the following is likely to have the most price elastic demand?

• A)milk
• B)sailboats
• C)good X in the short run compared to good X in the long run
• D)gasoline

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Definitions:

Appetitive Behavior

A type of behavior initiated by an organism in pursuit of fulfilling a need or desire, often relating to food, drink, or other necessities or pleasures.

Learned Behavior

A changed behavior acquired through experience.

Ethological Displacement

A behavior that occurs when an animal or human engages in an unrelated activity to reduce stress or tension when the normal response is thwarted or impossible.

Redirected Behavior

Behavior redirected from its original target to another object or individual, often seen in animals when the primary target of an action is inaccessible.