Other Things Being Equal, Demand Is More Elastic If

question 327

Multiple Choice

Other things being equal, demand is more elastic if

• A) the good is less expensive the good.
• B) the time period for adjustment is shorter.
• C) a family spends a larger percentage of its budget on the good.
• D) the good is more unique.

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Definitions:

Assertive Communication

A style of expressing oneself in a confident and direct manner, while still respecting others.

Passive Communication

A form of communication where the communicator fails to express their needs or feelings directly.

Directive Communication

A style of communication where instructions, commands, or directions are given clearly and directly.

Spontaneous Judgments

Immediate assessments or decisions made without premeditation or extended deliberation.