Which Will Cause a Demand Curve to Be Relatively Elastic

question 89

Multiple Choice

Which will cause a demand curve to be relatively elastic?

• A) Few substitutes exist.
• B) The time interval considered is long.
• C) The good is considered a necessity.
• D) Purchases of the good require a small portion of consumers' budgets.

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Self-control

The ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses.

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A religious and cultural background stemming from the teachings and doctrines of Martin Luther, which initiated the Protestant Reformation.