Which Is the Most Accurate Statement

question 30

Multiple Choice

Which is the most accurate statement?

• A)The most important determinant of the degree of elasticity of demand is the availability of substitutes.
• B)The demand for gasoline is very elastic.
• C)The advertiser wants to push her product's demand curve to the right and make it more elastic.
• D)Supply is most elastic in the market period.

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Definitions:

Unmarried

The state of not being legally bound in matrimonial union to another individual.

Closely Related

Having a strong connection or link, often in terms of family ties or affinity.

Estate

The total of all the property, assets, and liabilities of an individual at the time of their death, or a large piece of landed property.

Alimony

Financial support paid to a former spouse after a marriage has been terminated. The alimony may be permanent or temporary, rehabilitative.