A Horizontal Demand Curve for a Good Could Arise Because

question 86

Multiple Choice

A horizontal demand curve for a good could arise because consumers

• A) are irrational.
• B) are not sensitive to price changes.
• C) view this good as identical to another good.
• D) have no equivalent substitutes for this good.

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Definitions:

Moderate Risk

A level of risk that is considered to be within an acceptable range for investment or action, balancing potential loss against potential gain.

Sense of Order

The perception or arrangement of things in a methodical, organized manner, often leading to efficiency and ease of understanding.

Solitary Work

Tasks or activities performed independently without collaboration or interaction with others.

Trustworthiness

The quality of being reliable, honest, and capable of being trusted, often seen as a foundational element in successful relationships and transactions.