A Product Would Be More Demand Price Elastic

question 253

Multiple Choice

A product would be more demand price elastic:

• A) the shorter the time the consumer has to adjust to price changes.
• B) the lower the price of the good.
• C) the fewer the number of good substitutes.
• D) the less the essential nature of the good.
• E) if the supply is more price elastic.

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Definitions:

Tension

A physical force applied to something that tends to stretch it, often leading to stress or strain on the material.

Mitochondria

Organelles within cells that generate most of the cell's supply of adenosine triphosphate (ATP), used as a source of chemical energy, and involved in other processes such as signaling and cellular differentiation.

Sedentary

Describes a lifestyle with little to no physical activity, often associated with negative health outcomes.

Hospice Patient

An individual receiving hospice care, a type of care designed to provide comfort and palliative care rather than curative treatment, typically in the final phase of a terminal illness.