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:

Alloy

A mixture of metals or a mixture of a metal and another element, achieved through melting and mixing.

Chromatography

A method used to separate components of a mixture based on the differential affinities of compounds to a mobile phase and a stationary phase.

Colored Pigments

Substances that absorb certain wavelengths of light, giving color to materials like plants and art.

Different Particles

Various fundamental or composite units of matter that constitute the universe, such as electrons, protons, and neutrons.