Which of the Following Is Associated with Relatively Elastic Demand

question 56

Multiple Choice

Which of the following is associated with relatively elastic demand?

• A)​Few substitutes; large portion of income; short time span
• B)​Many substitutes; large portion of income; long time span
• C)​Few substitutes; small portion of income; short time span
• D)​Many substitutes; small portion of income; long time span

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Definitions:

Contract Maturity

The specified date on which the contract expires and the financial transaction must be settled or completed.

Basis

In finance, basis refers to the difference between the spot price of an asset and its future price, or it can signify the foundation or underlying principle for something.

Risk-free Interest Rate

The risk-free interest rate is the return on investment with no risk of financial loss, typically represented by the yields of government bonds of stable countries.

Gold Futures

Contracts for the future delivery of gold at a specified price, used for hedging and investing purposes.