The Elasticity of Resource Demand Will Be Greater the

question 229

Multiple Choice

The elasticity of resource demand will be greater the

• A)smaller the portion of the product's total costs accounted for by the resource.
• B)less the elasticity of demand for the product it is producing.
• C)easier it is to substitute other resources in production.
• D)less the elasticity of resource supply.

---

Definitions:

N/um

A term from the Khoisan language referring to a sacred, spiritual power believed to reside in healers and used during healing dances and rituals.

Animism

The belief that nature is enlivened or energized by distinct personalized spirit beings separable from bodies.

Free-Ranging Spirits

Beliefs or practices in some cultures that involve spirits or entities which move freely in the world, unconfined to specific locations, objects, or rituals.

Patriarchic Religion

A religious system or society in which men hold the primary power and predominate in roles of leadership, moral authority, social privilege, and control of property.