A Good Like Water Has Few Substitutes and Takes Up

question 86

Multiple Choice

A good like water has few substitutes and takes up little of our income to purchase, as a result its demand is likely to be

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

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Definitions:

Hierarchical Organization

A system or organization where entities are ranked one above the other according to status or authority.

Cram

The act of intensive memorization or study in a very short period of time, often used as a strategy before exams.

Massed Practice

A learning technique that involves concentrated, continuous periods of study or work without breaks, in contrast to spreading the work out over longer intervals.

Cramming

The practice of intensely studying or memorizing large amounts of information in a short period of time, often used in preparation for exams.