A Good Will Have a More Elastic Demand,the

question 36

Multiple Choice

A good will have a more elastic demand,the

• A)greater the availability of close substitutes.
• B)more broad the definition of the market.
• C)shorter the period of time.
• D)more it is regarded as a necessity.

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Definitions:

European Heritage

Refers to the cultural, historical, and ancestral connections and contributions of European peoples and countries.

Surrogacy

An arrangement whereby a woman agrees to bear a child for another person or couple, who will become the child's parent(s) after birth.

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Prenatal diagnostic procedure in which high-frequency sound waves are directed at the mother’s abdomen to provide clear images of the womb projected onto a video monitor.

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The genetic makeup of a fetus, encompassing all the genes inherited from both parents.