Which of the Following Would Result in Higher Price Elasticity

question 39

Multiple Choice

Which of the following would result in higher price elasticity of good X?

• A)more substitutes for good X
• B)a shorter period of time has passed since the change in the price of good X
• C)lower costs of labor in the production of good X
• D)good X is more of a necessity than a luxury

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Definitions:

Delinquent Acts

Behaviors that violate the law, typically performed by minors, ranging from petty theft to more serious offenses.

Cognitive Disturbances

Intermittent disruptions or impairments in cognitive processes such as thinking, memory, attention, and perception.

Conduct Disorder

A mental health condition identified during childhood or adolescence, marked by ongoing aggressive and disorderly actions.

Discipline

A field of study or branch of knowledge, education, or training; also refers to the practice of training people to obey rules or a code of behavior.