Holding Everything Else Constant, the Demand for a Good Tends

question 64

Multiple Choice

Holding everything else constant, the demand for a good tends to be more elastic

• A)the more substitutes there are for the good.
• B)the shorter the time period involved.
• C)the more consumers perceive the good to be a necessity.
• D)the less important the product is in consumers' budgets.

---

Definitions:

Transformation of Energy

The process by which energy changes from one form to another, such as from chemical energy to kinetic energy or thermal energy to electrical energy.

Mitochondria

Intracellular organelles that are the sites of oxidative phosphorylation in eukaryotes; include an outer membrane and an inner membrane.

Mitotic Spindle

Structure consisting mainly of microtubules that provides the framework for chromosome movement during cell division.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA.