The Shorter the Period of Time Consumers Have to Adjust

question 56

Multiple Choice

The shorter the period of time consumers have to adjust to price changes, the __________ the __________ elasticity of demand.

• A)lower; income
• B)lower; price
• C)higher; income
• D)higher; price

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Deductibles

The amount paid out of pocket by the policyholder before an insurance provider will pay any expenses under an insurance policy.

Aging Information

Data or knowledge related to the processes and factors associated with aging, including health implications, societal impact, and strategies for healthy aging.

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A chance or situation favorable for gathering data, resources, or payments that are due.