A Good That Takes Up a Very Large Percentage of a Consumer's

question 39

Multiple Choice

A good that takes up a very large percentage of a consumer's budget will tend to have _____

• A)an elastic demand.
• B)a perfectly elastic demand.
• C)an inelastic demand.
• D)an upward-sloping demand curve.
• E)many close substitutes.

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Definitions:

Parallel Play

A stage of play in young children where they play next to each other without directly interacting, reflecting developing social skills.

Onlooker Play

A form of play in which a child observes others playing but does not join in, often occurring before the stage of parallel play.

Mildred Parten

A researcher known for her work on the social development of children, particularly in terms of play.

Onlooker Play

A form of play where a child watches other children play but does not join in, often used to learn social cues.