When Very Few Substitutes for a Good Exist, Demand Will

question 300

Multiple Choice

When very few substitutes for a good exist, demand will be

• A) elastic.
• B) unit-elastic.
• C) inelastic.
• D) perfectly elastic.

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Definitions:

Cognitive Complex Occupations

Jobs that require a high level of mental efforts and tasks involving problem-solving, decision making, and creative thinking.

Genetic Endowment

The set of genes and genetic information an individual inherits from their parents, influencing various aspects of their physical and psychological traits.

Parkinson's Disease

A neurodegenerative disorder characterized by motor symptoms like tremors, rigidity, and bradykinesia, as well as non-motor symptoms.

Neurological Degeneration

The progressive loss of structure or function of neurons, including death of neurons, leading to diseases such as Parkinson's, Alzheimer's, and multiple sclerosis.