Which of the Following Statements Is FALSE

question 460

Multiple Choice

Which of the following statements is FALSE?

• A) Goods or services that have few close substitutes generally have a less elastic demand.
• B) Goods or services for which a greater proportion of income is spent on the item generally have a more elastic demand.
• C) A narrowly defined good or service generally has a less elastic demand.
• D) The longer the time that has elapsed since a price change, the more elastic the demand.

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Definitions:

Minnesota Multiphasic Personality Inventory-2 (MMPI-2)

A widely used psychometric test that assesses personality traits and psychopathology to aid in mental health diagnosis.

ACA Code

The ethical code of conduct established by the American Counseling Association, outlining the professional standards and practices for counselors.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity, shaping judgments about what is right or wrong.

Supervision

The act of overseeing the work and performance of others, often used in professional contexts to ensure quality and provide guidance or mentoring.