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:

Emotion of Fear

A basic human emotion that involves a physiological and psychological response to perceived threats or danger.

Infants

Young children in the earliest stage of life, typically defined as being from birth to one year of age.

Seven Months

A period of time equal to approximately 210 days or seven calendar months.

Amygdala

A region of the brain involved in processing emotions, fear responses, and reward.