A Horizontal Demand Curve for a Good Could Arise Because

question 86

Multiple Choice

A horizontal demand curve for a good could arise because consumers

• A) are irrational.
• B) are not sensitive to price changes.
• C) view this good as identical to another good.
• D) have no equivalent substitutes for this good.

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Definitions:

Medicinal

Referring to substances or practices used in the treatment of illness or to enhance physical or mental health.

Wheat

A cereal grain, originally from the Levant region of the Near East and Ethiopian Highlands, that is a global staple food.

Corn

A cereal plant (Zea mays) that produces large kernels on a cob; also used to refer to the kernels themselves, which are a staple food in many parts of the world.

Natural Ecosystems

Natural ecosystems are biological communities that interact with their physical environment, functioning through naturally occurring processes without significant human intervention.