When There Few Close Substitutes Available for a Good, Demand

question 111

Multiple Choice

When there few close substitutes available for a good, demand tends to be

• A)perfectly inelastic.
• B)perfectly elastic.
• C)relatively inelastic.
• D)relatively elastic.

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Definitions:

Biotechnology

The development of techniques to genetically manipulate organisms.

Fusion Reaction

A nuclear reaction where two light atomic nuclei combine to form a heavier nucleus, releasing energy in the process.

Atomic Weapons

Weapons that derive their destructive force from nuclear reactions, either fission or a combination of fission and fusion.

Positron

A positron is a subatomic particle with the same mass as an electron but a positive electric charge.