A Horizontal Demand Curve for a Good Could Arise Because

question 86

Multiple Choice

A horizontal demand curve for a good could arise because consumers

• A) are irrational.
• B) are not sensitive to price changes.
• C) view this good as identical to another good.
• D) have no equivalent substitutes for this good.

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Definitions:

Procedural Justice

The fairness of the processes that lead to outcomes or decisions, particularly in the context of legal or organizational settings.

Distributive Justice

A principle concerned with the fair allocation of resources and benefits among members of a society or an organization.

Performance

The level of achievement or output that an employee demonstrates in their job duties over a certain period.

Bias

A predisposition or prejudice towards or against something or someone, often in a way considered to be unfair.