If a Good Is a Necessity, Demand for the Good

question 14

Multiple Choice

If a good is a necessity, demand for the good would tend to be:

• A)elastic
• B)unit elastic
• C)inelastic
• D)horizontal

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Definitions:

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often consumed as a refreshing drink in hot weather.

Truthful Testimony

Honest and accurate evidence or statements given by a witness under oath.

Leading Questions

Questions that are designed to suggest the desired answer or influence the respondent's response.

Children

Young human beings who are in the early stages of their lives, typically considered to be from birth to puberty.