A Good That Takes Up a Very Large Percentage of the Consumer's

question 79

Multiple Choice

A good that takes up a very large percentage of the consumer's budget will tend to have

• A) an elastic demand.
• B) a perfectly elastic demand.
• C) an inelastic demand.
• D) an upward-sloping demand curve.
• E) very many substitutes.

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Definitions:

Dendrites

Branch-like extensions of neurons that receive signals from other neurons and conduct them toward the cell body.

Ligaments

Tough, fibrous tissues that connect bones to other bones, providing joint stability.

Afferent Neurons

Afferent neurons, also known as sensory neurons, are nerve cells that carry sensory information from the body's tissues and organs to the brain and spinal cord.

Efferent Neurons

Nerve cells that carry neural impulses away from the central nervous system to the body's muscles and glands, facilitating action and response.