Which of the Following Explains Why Local Supply Tends to Bemore

question 17

Multiple Choice

Which of the following explains why local supply tends to bemore elastic than global supply?

• A)As price increases in a certain locale, it is often costly to transport more goods to that particular area, and hence supply
• Is more elastic.
• B)Local suppliers are small in relation to the global market.
• C)The statement is false, local supply tends to be less elastic than global supply.
• D)As price increases in a certain locale, goods can be brought in from other areas, which is not possible on a global scale.(True
• Answer )Correct

Delineate the influence of evolutionary theory on psychology.

Recognize the impact of social and cognitive factors on motivation.

Understand the empirical basis of motivation theories through historical and contemporary research.

Discuss the interaction between nature and nurture in shaping behavior.

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Definitions:

Disturbed Personal Identity

A psychological condition characterized by an individual having confusion or disorder in their perception of their own identity.

Defensive Coping

The utilization of psychological strategies to manage stress or anxiety by defending oneself against perceived threats or discomforts.

Impaired Parenting

A situation where an individual's parenting skills are limited, inadequate, or inappropriate, affecting child development and family dynamics.

Prostitution

The practice of engaging in sexual activity with someone for payment.