Which of the Following Is Associated with Elastic Demand

question 130

Multiple Choice

Which of the following is associated with elastic demand?

• A) availability of many close substitutes
• B) a greater amount of time for consumers to respond to a price change
• C) a large percentage of income spent on the good in question
• D) all of the above

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Counseling

A professional guidance process that helps individuals resolve personal, social, or psychological challenges and difficulties.

Defensiveness

A reactive attitude or behavior aimed at protecting oneself from criticism, challenge, or perceived attack.

Emotional Problems

Issues or disturbances in an individual’s emotional state which can affect well-being and daily functioning.

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