The Demand Curve for a Good That Has Many Perfect

question 81

Multiple Choice

The demand curve for a good that has many perfect substitutes is likely to be _____

• A)upward sloping.
• B)steep.
• C)backward bending.
• D)horizontal.
• E)vertical.

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Definitions:

Philanthropic

Pertaining to the act of giving money, time, or effort to support a cause or mission that benefits society, often without financial or material return to the giver.

Commercial

Pertains to commerce or business activity in general; often used to describe advertisements on television or radio.

Government Spending

The total amount of money used by the government to pay for services, infrastructure, public projects, and other governmental functions.

Social Programs

Organized efforts by government, private organizations, or nonprofits to address and improve societal issues and welfare.