If the Demand for a Product Stays Almost Constant Throughout

question 138

Multiple Choice

If the demand for a product stays almost constant throughout an industry regardless of the change in the price of the product,it can be said that the product is experiencing a(n) _____ demand.

• A)derived
• B)joint
• C)volatile
• D)inelastic

---

Definitions:

Encoding Failure

is a failure to process and store information into memory, leading to its unavailability for later retrieval.

Interference

A cause of forgetting that occurs because information or associations stored either before or after a given memory hinder the ability to remember it.

Consideration Failure

An oversight or neglect in thoroughly thinking through or regarding all aspects and consequences of a decision or action.

Encoding Failure

The inability to create a memory link because the information was not attended to or analyzed deeply enough.