If Substitutes for a Good Are Readily Available,the Demand for That

question 212

Multiple Choice

If substitutes for a good are readily available,the demand for that good

• A) does not change substantially if the price rises.
• B) does not change substantially if the price falls.
• C) is inelastic.
• D) is elastic.
• E) Both answers A and B are correct.

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Definitions:

Cephalic

Relating to the head or the head end of the body, often used in medical contexts to describe location or direction.

Cephal

Pertaining to the head or the head end of the body, often used in medical and biological contexts.

Hereditary Unit

A gene, which is the basic physical and functional unit of heredity, responsible for transmitting traits from parents to offspring.

Hereditary Traits

Characteristics or attributes that are passed from parents to their offspring through genes.