Goods with Many Close Substitutes Tend to Have

question 39

Multiple Choice

Goods with many close substitutes tend to have

• A)more elastic demands.
• B)less elastic demands.
• C)price elasticities of demand that are unit elastic.
• D)income elasticities of demand that are negative.

---

Definitions:

Traditional Psychodynamic

A branch of psychology that focuses on the role of the unconscious mind in shaping behavior, based on early theories of Freud.

Cognitive Therapy

A form of psychotherapy that focuses on changing unhelpful or destructive thought patterns to improve emotional regulation and develop personal coping strategies.

Self-help Groups

Organized gatherings where individuals share experiences and offer mutual support, often focusing on overcoming personal challenges or disorders.

Group Therapy

A form of psychotherapy that involves one or more therapists working with several individuals simultaneously.