Commodities Are Most Likely to Show Inelasticity When They Are

question 66

Multiple Choice

Commodities are most likely to show inelasticity when they are

• A) independents.
• B) necessities.
• C) luxuries.
• D) dependents.

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Definitions:

Internal Organs

Organs located inside the body that perform essential functions, such as the heart, liver, and kidneys.

Inhibitory Neurotransmitter

A type of neurotransmitter that decreases the likelihood of the neuron it binds to firing an action potential.

GABA

Gamma-Aminobutyric Acid, a neurotransmitter in the brain that inhibits many neurons from firing, reducing activity in the nervous system.

Neuron

A cell that conducts electrochemical signals; the basic unit of the nervous system; also called a nerve cell.