Other Things Being Equal, Demand Is More Elastic the

question 121

Multiple Choice

Other things being equal, demand is more elastic the

• A) less expensive the good.
• B) shorter the time period for adjustment.
• C) larger the percentage of a total budget that a family spends on the good.
• D) more unique the good is.

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Definitions:

Compression Virus

A compression virus is a type of malicious software that compresses files on a victim's computer without permission, often to make the files unusable until a ransom is paid or to hide its presence.

Data Files

Files that primarily contain data used or generated by applications, distinct from executable files or documents, serving as inputs or outputs in various data processing tasks.

Unusable

Referring to something that cannot be used either due to being broken, incompatible, or not suitable for a particular purpose.

Resident Virus

A type of malware that embeds itself in the memory of a computer allowing it to execute at any time, typically activated when the operating system loads.