A Good Will Have a More Elastic Demand,the

question 36

Multiple Choice

A good will have a more elastic demand,the

• A)greater the availability of close substitutes.
• B)more broad the definition of the market.
• C)shorter the period of time.
• D)more it is regarded as a necessity.

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Definitions:

National Character Studies

Research aimed at identifying and understanding the enduring personality characteristics and social behaviors that are prevalent within entire nations or large groups of people.

Dependence Training

Socialization processes that promote the development of reliance among individuals within a group, by emphasizing collective over individual actions.

Societies

Groups of individuals living together in structured communities with shared laws, traditions, and values.

Adaptive

The ability or tendency to adjust effectively to new conditions or to modifications in one's environment.