Which of the Following Factors Would Indicate a Less Elastic

question 1

Multiple Choice

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

• A) The good represents a large fraction of the budget.
• B) Demand is measured over a longer period of time.
• C) There are few substitutes.
• D) The price of the good is high.

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Definitions:

Basic Earning Power Ratio

A financial metric that measures a company's ability to generate earnings from its assets, regardless of financing.

HD

Typically refers to "High Definition," denoting a high level of detail in images or videos, but in a financial context, it could relate to "Home Depot" stock symbol or a concept not standardized across finance.

Operating Costs

Expenses associated with the day-to-day functions of a business, excluding the costs associated with producing goods or services.

Days Sales Outstanding

A measure of the average number of days that it takes a company to collect payment after a sale has been made, indicating the effectiveness of a company's credit and collection policies.