When There Are Very Few Substitutes for a Good, the Demand

question 112

Multiple Choice

When there are very few substitutes for a good, the demand for the good will tend to be

• A) inelastic.
• B) elastic.
• C) unitary.
• D) perfectly elastic.

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Definitions:

Aggressive

Characterized by or resulting from a tendency to attack or confront, often manifesting through behavior or attitude.

Amphetamine Abuse

The misuse of amphetamine drugs, which can lead to serious physical and psychological effects, addiction, and other harmful consequences.

Morphine Addiction

A condition of physical and psychological dependence on morphine, a potent opiate analgesic drug, leading to compulsive drug-seeking behavior and use despite harmful consequences.

Alcohol Addiction

is a chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, where an individual is unable to manage their drinking habits.