It Is Impossible for a Given Good to Be Both

question 67

True/False

It is impossible for a given good to be both elastic in demand and inelastic in supply.

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Definitions:

Type A Orientation

A behavior pattern characterized by aggressiveness, competitiveness, urgency, and a constant struggle to achieve more in less time.

Achievement-oriented

A personal or organizational focus on setting and meeting high-performance standards and goals.

Type A Orientation

A personality trait characterized by competitiveness, urgency, aggressiveness, and a high degree of ambition and drive.

Relaxed

Describes a state of reduced tension or anxiety, often referring to a calmer approach in environments such as workplaces or social settings.