The Demand for a Good Tends to Be More Elastic

question 99

Multiple Choice

The demand for a good tends to be more elastic:

• A)the longer the period of time
• B)the greater the availability of close substitutes
• C)the narrower the definition of the market
• D)all of the above are correct

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Definitions:

Defense System

Mechanisms or strategies employed by individuals or systems to protect against threats, criticism, or psychological harm, often unconsciously in the form of psychological defenses.

Hyperpolarized

describes a state where a neuron's membrane potential becomes more negative than its resting potential, making it less likely to fire an action potential.

Transmitter Substances

Chemicals released by nerve cells to transmit signals across a synapse to another nerve, muscle, or gland cell.

Serotonin

A neurotransmitter in the brain that plays a significant role in mood regulation, sleep, and other physiological functions.