The Demand for Oil Is Inelastic Because There Are

question 106

Multiple Choice

The demand for oil is inelastic because there are:

• A) many complements for oil in its major use.
• B) few complements for oil in its major use.
• C) many substitutes for oil in its major use.
• D) few substitutes for oil in its major use.

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Definitions:

Electrode

A conductor through which electricity enters or leaves a medium, used in various applications including medical equipment and batteries.

ECG

A test that records the electrical activity of the heart to diagnose heart conditions.

Color Code

A system for displaying information by using different colors for easy recognition and classification.

Electrode

A conductor through which electricity enters or leaves an object, substance, or region in electrical systems or devices.