When a Good Is More Broadly Defined

question 68

Multiple Choice

When a good is more broadly defined,

• A) the more substitutes it has so the more elastic is its demand.
• B) the fewer substitutes it has so the more elastic is its demand.
• C) the more substitutes it has so the less elastic is its demand.
• D) the fewer substitutes it has so the less elastic is its demand.

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Definitions:

Manifest Function

The recognized and intended consequences of any social pattern, contributing to societal stability or function.

Latent Function

The unrecognized and unintended consequences of any social process, which may be beneficial, neutral, or harmful.

Dysfunction

The impairment or abnormal functioning of a system, organ, or part of an organism or society.

Cultural Hegemony

The dominance of one cultural group over others, influencing societal norms and values so that the ruling group's perspective becomes the accepted cultural norm.