Which of the Following Generalizations Is Not Correct

question 15

Multiple Choice

Which of the following generalizations is not correct?

• A)The larger an item is in one's budget, the greater the price elasticity of demand
• B)The price elasticity of demand is greater for necessities than it is for luxuries
• C)The larger the number of close substitutes available, the greater will be the price elasticity of demand for particular product
• D)The price elasticity of demand is greater the longer the time period under consideration
• E)The price elasticity of supply is smaller the shorter the time period under consideration.

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Definitions:

Micro-Aggressions

Micro-aggressions are subtle, often unintentional, forms of prejudice or discrimination that can be verbal, nonverbal or environmental, conveyed in brief and commonplace exchanges that signal disrespect or disdain for members of marginalized groups.

Majority

The greater part or number; the number greater than half the total population or group.

Loving Bond

A deep and affectionate connection between individuals, characterized by feelings of love, intimacy, and attachment.

Foster Parents

Individuals or couples who care for children whose biological parents are unable to look after them, providing temporary care while aiming to support family reunification or adoption.