Demand Is More Inelastic in the Short Term Because Consumers

question 153

Multiple Choice

Demand is more inelastic in the short term because consumers:

• A) are impatient.
• B) have no time to find available substitutes.
• C) are present-oriented.
• D) None of the statements is correct.

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Definitions:

Dentin

The hard, dense, bony tissue forming the bulk of a tooth beneath the enamel.

Crown

In dentistry, a type of dental restoration which completely caps or encircles a tooth or dental implant, used to improve their appearance or strength.

Pilonidal

Pertaining to a type of cyst that occurs in the crease of the buttocks and can become infected and filled with pus.

Pil/o

A prefix in medical terminology related to hair, such as in pilosebaceous, which refers to structures consisting of hair and its associated sebaceous gland.