The Demand for a Product Tends to Be Less Elastic

question 155

True/False

The demand for a product tends to be less elastic as the product accounts for a larger fraction of a consumer's budget.

---

Definitions:

Habitat Isolation

A prezygotic barrier where two species live in different habitats within the same area but do not meet, preventing them from mating.

Gametic Barriers

Reproductive obstacles that prevent gametes (sperm and egg) from two different species from fusing and creating a viable offspring.

Allopolyploids

Organisms that have multiple sets of chromosomes originating from different species, a common phenomenon in plants.

Autopolyploids

Individuals or species with more than two chromosome sets, all originating from a single species, leading to increased size and vigour in some plants.