If a Product Is a Necessity and Has No Substitutes

question 92

Multiple Choice

If a product is a necessity and has no substitutes at all, demand for the product is most likely to be

• A) very inelastic.
• B) inelastic.
• C) unit elastic.
• D) elastic.

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Definitions:

Macroevolution

Large-scale evolutionary changes that occur over geologic time, leading to the emergence of new species and diversification.

Phenotypic Changes

Alterations in the observable traits or characteristics of an organism, resulting from genetic expression or environmental influences.

Feathered Wings

Wings covered with feathers, characteristic of birds, that facilitate flight and insulation.

Postzygotic Barriers

Reproductive isolation mechanisms that occur after fertilization, preventing the development into fertile offspring.