The Demand for a Good Tends to Be More Elastic

question 99

Multiple Choice

The demand for a good tends to be more elastic:

• A)the longer the period of time
• B)the greater the availability of close substitutes
• C)the narrower the definition of the market
• D)all of the above are correct

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system that conserves energy by slowing the heart rate, increasing intestinal and gland activity, and relaxing sphincter muscles in the gastrointestinal tract.

Primary Appraisals

The initial evaluation process where an individual assesses the significance and potential impact of an event as stressful, positive, controllable, or irrelevant.

Secondary Appraisals

The evaluative process in which individuals assess their ability to cope with or manage the consequences of a potentially stressful or threatening event.

Lazarus

Usually refers to Richard Lazarus, a psychologist known for his research on stress and emotion, particularly regarding appraisal theory.