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.

---

Definitions:

Subconscious

Part of the mind that operates below the level of conscious awareness, influencing thoughts, feelings, and behaviors without one's direct knowledge.

Unconscious Mind

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Displacement

In Freudian psychology, the unconscious shifting of an impulse or emotion from its original object to another object.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to someone else.