The Elasticity of Demand Can Change with

question 13

Multiple Choice

The elasticity of demand can change with

• A)the number of close substitutes.
• B)the time available to shift to other alternatives.
• C)neither a nor b
• D)both a and b

---

Definitions:

Researchers

Individuals who systematically investigate and study materials, sources, or phenomena using scientific methods to establish facts and reach new conclusions.

Immediate Result

The direct and swift outcomes that follow a specific action or decision without delay.

Delayed Effect

A situation where the impact or result of an action, event, or decision is not immediately apparent, but becomes evident later on.

Influence Attempt

An effort made by an individual to change the behavior or attitudes of one or more others.