Supply Will Become More Elastic When

question 325

Multiple Choice

Supply will become more elastic when

• A) a time period lengthens.
• B) the time period shortens.
• C) the good is important to consumers.
• D) there are good substitutes for the goods.

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Definitions:

Culture

The set of beliefs, practices, arts, customs, and social behavior of a particular nation or people.

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society.

Genetically Influenced

Traits or characteristics that are affected by genes inherited from one's parents.

Menstruation

The monthly discharge of blood and mucosal tissue from the inner lining of the uterus through the vagina.