Which of the Following Is Not a Characteristic of a Product

question 35

Multiple Choice

Which of the following is not a characteristic of a product whose demand is inelastic?

• A) There are very few substitutes for the product.
• B) The amount spent on the product is a relatively small percentage of one's income.
• C) There is a long time period under consideration.
• D) The product is considered a necessity.
• E) There are a small number of competitors from which to purchase the product.

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Definitions:

Central Nervous System

The part of the nervous system that includes the brain and spinal cord, responsible for processing and sending out neural signals.

Effectors

Organs, glands, or cells that act in response to a stimulus, executing the appropriate response in the body.

Motor Neurons

Nerve cells that transmit signals from the brain or spinal cord to muscles or glands, causing them to contract or secrete.

Reflexes

Automatic, involuntary responses to specific stimuli that are designed to protect the body and maintain homeostasis.