Which of the Following Characteristics Is Practically Universal Among Children

question 24

Multiple Choice

Which of the following characteristics is practically universal among children?

• A)dislike of bright-coloured fruit
• B)preference for strong-flavoured foods
• C)desire for soft-cooked vegetables
• D)fear of new foods

---

Definitions:

Inelastic Demand

A market scenario where the quantity demanded of a good or service changes minimally in response to price changes.

Perfectly Inelastic

A situation where the quantity demanded or supplied of a good does not change regardless of the changes in its price.

Perfectly Elastic

A situation in economics where the demand or supply for a good is completely responsive to changes in price, resulting in an infinite elasticity.

Mutual Interdependence

A situation in which a change in price strategy (or in some other strategy) by one firm will affect the sales and profits of another firm (or other firms). Any firm that makes such a change can expect its rivals to react to the change.