Which Factor Would Increase Elasticity of Demand the MOST

question 342

Multiple Choice

Which factor would increase elasticity of demand the MOST?

• A) an increase in the number of tablet brands offered
• B) a decrease in the proportion of one's income spent on televisions
• C) a service, such as high-speed Internet access, that has become a greater necessity
• D) a shorter time period to make decisions

---

Definitions:

Consistent Behaviors

Actions or responses that are uniform and stable over time in similar situations.

Learned Predisposition

An acquired tendency to respond in a consistent way to a given object or entity based on prior experiences and learning.

Favorable Way

A manner or approach that is advantageous, beneficial, or creates positive outcomes.

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow that categorizes human needs into a five-tier model, ranging from basic (physiological) needs to higher-level (self-actualization) needs.