The Demand for a Pack of Gum Is _____ Price

question 35

Multiple Choice

The demand for a pack of gum is _____ price elastic than the demand for a steak because a pack of gum _____.

• A) less; requires a smaller portion of one's income
• B) more; requires a smaller portion of one's income
• C) less; is more of a luxury
• D) more; is more of a luxury

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Definitions:

Intranet

A private network set up by a business or an organization that’s used exclusively by a select group of employees, customers, suppliers, volunteers, or supporters.

External Users

Individuals or entities that are not part of an organization but are granted access to its systems or data, typically for specific, limited purposes.

LANs

Local Area Networks, computer networks that interconnect computers within a limited area such as a residence, school, or office building.

Network Nodes

Points of intersection or connection within a network where communication equipment or data pathways can relay and route data.