​Which of the Following Is False

question 55

Multiple Choice

​Which of the following is false?

• A)​Products with more close substitutes have more elastic demand
• B)The demand for any individual brand is less elastic than industry aggregate demand
• C)Products with many complements have less elastic demand
• D)​In the long run,demand curves become more elastic

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Definitions:

Natural Disaster

Catastrophic events caused by natural processes of the Earth, such as earthquakes, hurricanes, floods, or tornadoes, resulting in significant impact on human life and property.

Post-Traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by severe anxiety, flashbacks, and uncontrollable thoughts.

Bad Dreams

Disturbing visions or scenarios experienced during sleep, often causing distress or fear upon waking.

Reliving Trauma

The process of re-experiencing the emotions and reactions associated with a past traumatic event, which can be both involuntary or as part of therapeutic intervention.