The Demand Curve for Froot Loops Breakfast Cereal Is Veryelastic

question 38

Multiple Choice

The demand curve for Froot Loops breakfast cereal is veryelastic because:

• A)most breakfast cereals are considered a luxury good.
• B)there are many good substitutes for Froot Loops.(True Answer )Correct
• C)the demand curve is negatively sloped.
• D)it is one of the most advertised cereals in the world.

---

Definitions:

Thyroid Hormone

Hormones produced by the thyroid gland, including thyroxine (T4) and triiodothyronine (T3), that regulate the body's metabolism.

Specific Tissues

Distinct types of material of which animals or plants are made, consisting of specialized cells and their products.

Secretion

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

Epinephrine

A hormone and neurotransmitter also known as adrenaline; involved in regulating heart rate, blood vessel and air passage diameters.