For a Good That Is a Necessity,demand

question 134

Multiple Choice

For a good that is a necessity,demand

• A)tends to be inelastic.
• B)tends to be elastic.
• C)has unit elasticity.
• D)cannot be represented by a demand curve in the usual way.

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Definitions:

Implicit Memories

Memories that are not consciously recalled but influence behaviors and skills, such as riding a bicycle or tying shoelaces.

Rehearsal

The cognitive process of repetitively thinking about or practicing an information to aid in its retention and retrieval.

Recall

The act of retrieving information or events from the past in the absence of external cues, often measured in psychological tests.

Recognition

The cognitive process of identifying and understanding something previously learned or experienced.