Many Say That There Is No Substitute for a Real

question 39

Multiple Choice

Many say that there is no substitute for a real diamond.This would imply that diamonds:

• A)are price elastic.
• B)are price inelastic.
• C)are unit elastic.
• D)are not a sustainable market.

---

Definitions:

Uniform Globally

The idea or principle of maintaining consistency or standardization in practices, regulations, or conditions across different countries or regions worldwide.

Golden Rule

A moral principle that suggests treating others as one would like to be treated.

Interact

To engage or communicate directly with someone or something, often leading to a reciprocal response or action.

Minimum Standards

Regulations or guidelines that establish the lowest acceptable limits or requirements for a specific action, performance, product or outcome.