According to a Study of the Price Elasticities of Products

question 49

Multiple Choice

According to a study of the price elasticities of products sold in supermarkets, the price elasticity of demand for toothpaste is estimated at -0.45.Which of the following could explain why the price elasticity of demand for toothpaste is so low?

• A)The toothpaste industry is highly competitive.
• B)Toothpaste is relatively inexpensive.
• C)Toothpaste is heavily endorsed by dentists.
• D)There are few close substitutes for toothpaste.

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Definitions:

Thymus

A gland located in the upper chest that helps develop the body's immune system in early life.

T Lymphocyte Cells

A type of white blood cell critical for immune system function, involved in directly attacking infected cells as well as coordinating the immune response.

Lymphoid Tissue

Part of the immune system, comprising specialized tissues that produce lymphocytes, such as lymph nodes and the spleen.

Immunity

The ability of an organism to resist a particular infection or toxin by the action of specific antibodies or sensitized white blood cells.