The Demand for a Product Is Likely to Be More

question 71

Multiple Choice

The demand for a product is likely to be more elastic

• A) the shorter the time the consumer has to adjust to price changes.
• B) the lower the price of the good.
• C) the fewer the number of good substitutes.
• D) the less the essential nature of the good.

Interpret the social construction of race and ethnicity and its implications on societal perceptions and treatment.

Analyze the impact of racial and ethnic categories on personal identity and social interactions.

Identify the role of social institutions in maintaining racial dominance and the representation of power.

Assess the mechanisms of ethnic identity display and the factors influencing its visibility.