Which of the Following Statements Is FALSE

question 460

Multiple Choice

Which of the following statements is FALSE?

• A) Goods or services that have few close substitutes generally have a less elastic demand.
• B) Goods or services for which a greater proportion of income is spent on the item generally have a more elastic demand.
• C) A narrowly defined good or service generally has a less elastic demand.
• D) The longer the time that has elapsed since a price change, the more elastic the demand.

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Definitions:

Civil Rights Movement

A decades-long struggle by African Americans to end racial discrimination and achieve equal rights under the law in the United States.

Profligate

Profligate describes a person or behavior that is recklessly wasteful or extravagantly spendthrift, often connoting moral decadence.

Fannie Lou Hamer

An American voting rights activist and civil rights leader who played a significant role in the struggle for voting rights and racial equality during the 1960s.

MFDP Delegate

Stands for Mississippi Freedom Democratic Party Delegate, representing an alternative to the then all-white Mississippi Democratic Party at the 1964 Democratic National Convention.