For a Good That Is a Necessity

question 271

Multiple Choice

For a good that is a necessity,

• A)quantity demanded tends to respond substantially to a change in price.
• B)demand tends to be inelastic.
• C)the law of demand often does not apply.
• D)All of the above are correct.

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Definitions:

My Lai

A mass murder of unarmed South Vietnamese civilians by U.S. troops in March 1968 during the Vietnam War.

Norms of Solidarity

Social norms that promote mutual support, cooperation, and connectivity within a group, community, or society.

American Soldiers

Members of the United States Armed Forces, including the Army, Navy, Air Force, Marines, and Coast Guard, responsible for defending the country's interests and security.

Bureaucratic Machine

Refers to a complex, rigidly structured administrative system governed by many rules and procedures.