If the Demand Curve for a Good Is a Downward

question 312

Multiple Choice

If the demand curve for a good is a downward sloping straight line, the demand for the good will be more price elastic the higher is the

• A) price of the good.
• B) price of complements.
• C) income of consumers.
• D) income elasticity of demand for that good.

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Definitions:

Influence

Influence is the capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Real Danger

An actual threat that poses a genuine risk of harm or damage.

Persuasive

Pertaining to the ability to convince or influence others through argument, reasoning, or appeal.

Act

A piece of legislation passed by a governing body, or the process of doing something with a specific purpose or intention.