Demand for a Good Which Comprises a Relatively Small Share

question 118

Multiple Choice

Demand for a good which comprises a relatively small share of the consumer's budget tends to be

• A)inelastic.
• B)perfectly inelastic.
• C)elastic.
• D)perfectly elastic.

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Definitions:

Emotional

Pertaining to feelings or the ability to be affected by or express emotions.

Strong

Capable of withstanding great force or pressure, either physically, mentally, or emotionally.

Independent

The state of being self-reliant and not dependent on others for support or decision-making.

Aggressive

Characterized by or exhibiting forceful actions or behaviors, often with the intention to dominate or intimidate others.