For Many Goods, the Price Elasticity of Demand Increases Over

question 439

Multiple Choice

For many goods, the price elasticity of demand increases over time because

• A) people's incomes tend to increase over time.
• B) inflation increases all prices and incomes over time.
• C) the ability to find substitutes for a good whose price has risen increases over time.
• D) None of the above answers is correct.

---

Definitions:

Premature

Occurring or happening before the expected time, often used in medical contexts such as premature birth.

Pediatrician

A medical doctor specializing in the care and treatment of children and adolescents, addressing their physical, behavioral, and mental health issues.

Developmental Milestone

Specific skills or abilities that most children exhibit at a certain age range, marking significant progress in physical, emotional, or intellectual development.

Lifting Head

An early developmental milestone in infants, indicating neck and upper body strength, where the infant is able to lift and hold up their head independently.