Holding Everything Else Constant, the Demand for a Good Tends

question 64

Multiple Choice

Holding everything else constant, the demand for a good tends to be more elastic

• A)the more substitutes there are for the good.
• B)the shorter the time period involved.
• C)the more consumers perceive the good to be a necessity.
• D)the less important the product is in consumers' budgets.

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Definitions:

Filtration Membrane

A barrier in the kidneys that filters blood, selectively allowing waste products and excess substances to pass into the urine.

Aldosterone

A hormone produced by the adrenal glands that helps regulate blood pressure by controlling sodium and water balance in the body.

Renal Tubule

The part of the nephron in the kidney where filtrate from the renal corpuscle is further processed into urine.