Which of the Following Factors Would Indicate a More Elastic

question 225

Multiple Choice

Which of the following factors would indicate a more elastic demand?

• A) The good is a necessity, rather than a luxury.
• B) The good represents a small fraction of the budget.
• C) Demand is measured over a longer period of time.
• D) There are few substitutes for the good.

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Definitions:

Perception

The process by which organisms interpret and organize sensory information to produce a meaningful experience of the world.

Motion Sickness

A condition in which the discrepancy between visually perceived movement and the vestibular system's sense of movement causes nausea, dizziness, and other symptoms.

High-Speed Spins

Rapid rotations often related to vehicles or objects, characterized by performing spins at a high velocity.

Semicircular Canals

Structures in the inner ear that are key to the vestibular system, helping to maintain balance and spatial orientation.