Which of the Following Is False

question 10

Multiple Choice

Which of the following is false?

• A)Products with close substitutes have elastic demand
• B)Demand for individual brand is less elastic than industry aggregate demand
• C)Products with many complements have less elastic demand
• D)In the long run,demand curves become more elastic

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Definitions:

Homeostat

A device or mechanism that regulates its internal environment to maintain a stable condition, mirroring the concept of homeostasis in biological systems.

Parasympathetic System

A division of the autonomic nervous system responsible for conserving energy and promoting restful states by slowing the heart rate, increasing intestinal and gland activity, and relaxing sphincter muscles.

Sympathetic System

Part of the autonomic nervous system that activates the body's response to stress, preparing the body for action.

Endocrine System

A collection of glands that produce hormones which regulate metabolism, growth and development, tissue function, sexual function, reproduction, sleep, and mood, among other things.