Which of the Following Factors Is Associated with Products with a Highly

question 210

Multiple Choice

Which of the following factors is associated with products with a highly price elastic demand?

• A) Few close substitutes.
• B) A very short time period for consumers to respond to price changes.
• C) Many very close substitutes.
• D) A per unit price that is only a very small portion of most peoples' budgets.

---

Definitions:

Weight Loss

The process or act of reducing one's total body mass, mainly through the loss of fat or fluid.

Herbal Supplement

Products made from plants for consumption or application to the body, often used for health purposes, without being regulated as drugs by the FDA.

Obese Males

Men who have a body mass index (BMI) of 30 or higher, classifying them as obese based on health standards.

SAT-M Score

The SAT-M score denotes the math section score of the SAT, a standardized test widely used for college admissions in the United States, assessing mathematical proficiency.