Which of These Would Result in a Higher Price Elasticity

question 171

Multiple Choice

Which of these would result in a higher price elasticity of demand?

• A) a shorter period of time for adjustment
• B) a good becoming a necessity
• C) fewer substitutes available
• D) a longer time period for adjustment

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Definitions:

Emotional Regulation

Techniques for controlling one’s emotional states.

Secure Mothers

Caregivers who provide consistent support and responsiveness, fostering a secure attachment relationship with their children.

Caregivers

Individuals who provide care and support to family members or others needing assistance due to illness, disability, or other conditions.

Physiological Components

Elements related to or concerning the normal functioning of living organisms and their parts, including biological and physical aspects.