Which of the Following Statements Is Not True

question 145

Multiple Choice

Which of the following statements is not true?

• A) Price elasticity of demand for basic foods is low.
• B) When price elasticity of demand is very high, we say there is brand loyalty.
• C) The availability and price of substitutes affect the elasticity of demand for a good or service.
• D) When goods have very low prices, the elasticity of demand is usually quite low.

---

Definitions:

Self-actualizers

Individuals who have realized and fulfilled their potential to the fullest extent, according to Maslow's hierarchy of needs.

Childhood Dreams

Refers to the dreams experienced during one's childhood, which can reflect the subconscious mind's workings and early emotional states.

Self-actualizers

individuals who achieve the highest level of Maslow's hierarchy of needs, realizing their full potential and living with purpose and autonomy.

Intolerance

The unwillingness to accept views, beliefs, or behavior that differ from one's own.