If Substitutes for a Good Are Readily Available,the Demand for That

question 212

Multiple Choice

If substitutes for a good are readily available,the demand for that good

• A) does not change substantially if the price rises.
• B) does not change substantially if the price falls.
• C) is inelastic.
• D) is elastic.
• E) Both answers A and B are correct.

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Definitions:

Malignancies

The presence of cancerous cells that have the ability to invade and destroy healthy tissue.

Negative Tendency

The inclination towards pessimistic or adverse thoughts, attitudes, or outcomes.

Adaptive Tendency

The innate or learned ability to change or adjust one's behavior or thinking in response to changing circumstances or environments.

Neuroses

A mental health condition characterized by emotional distress but not by gross distortion of reality.