Which of the Following Makes Demand Less Elastic

question 197

Multiple Choice

Which of the following makes demand less elastic?

• A) the existence of many close substitutes for the good
• B) spending a large proportion of income on the good
• C) a short time elapsing since the product's price changed
• D) All of the above answers are correct.

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Definitions:

Neurotransmitters

Chemicals in the nervous system that transmit signals across a synapse from one neuron to another.

Agonists

Substances that activate receptors to produce a biological response.

Genes

Units of heredity made up of DNA that are responsible for determining the characteristics and traits passed from parents to offspring.

Positively Charged

A positively charged object has more protons than electrons, resulting in a net positive electric charge.