There Are Very Few,if Any,good Substitutes for Motor Oil

question 175

Multiple Choice

There are very few,if any,good substitutes for motor oil.Therefore,the

• A)demand for motor oil would tend to be inelastic.
• B)demand for motor oil would tend to be elastic.
• C)demand for motor oil would tend to respond strongly to changes in prices of other goods.
• D)supply of motor oil would tend to respond strongly to changes in people's tastes for large cars relative to their tastes for small cars.

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Definitions:

A Possessive

A grammatical construct used to indicate ownership, belonging, or origin, typically formed by adding 's or just an apostrophe after the owner noun.

Inherent Status

The innate or fundamental position or standing of an individual or entity, often implying a status that is intrinsic and not acquired by actions or achievements.

Economical Art Form

Creative expressions or artistic practices that are characterized by their cost-effectiveness or minimal use of resources.

Poetry

An art form focusing on the expression of feelings, ideas, and experiences through distinctive style and rhythm.