According to Research, Which of the Following Is Most Highly

question 65

Multiple Choice

According to research, which of the following is most highly valued by Islamics?

• A) work
• B) wealth
• C) friendship
• D) societal needs

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Definitions:

Less Elastic

Describes a situation where the demand or supply for a product or service is relatively unresponsive to changes in price.

Perfectly Inelastic

A situation where the demand or supply for a good does not change in response to changes in price.

Demand Curve

A graph that shows the relationship between the quantity of a good demanded and its price.

Completely Vertical

In economics, this can refer to a supply curve that is perfectly vertical, indicating that the quantity supplied is completely unresponsive to changes in price.