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:

Ciliary Muscles

A ring of smooth muscle fibers in the eye's middle layer that adjusts the lens's curvature to focus on objects at varying distances.

Pupil Diameter

Pupil diameter refers to the size of the opening in the iris of the eye, which regulates the amount of light entering the eye.

Accommodate

To adjust or make room for something, often referring to the eye's ability to change focus on objects at different distances.

Pigmented Epithelium

Layers of cells containing pigment, such as those found in the retina, which help absorb light and protect photoreceptors.