A Good Will Have a More Inelastic Demand, the

question 71

Multiple Choice

A good will have a more inelastic demand, the

• A)greater the availability of close substitutes.
• B)broader the definition of the market.
• C)longer the period of time.
• D)more it is regarded as a luxury.

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Definitions:

Behavioural Therapist

A professional who employs principles of behaviorism to treat psychological disorders and modify problematic behaviors through techniques such as conditioning.

Nonaggressive Ways

Methods or approaches that avoid violence or hostility in dealing with others or resolving conflicts.

Maladaptive Beliefs

Irrational or dysfunctional thought patterns that negatively influence behavior and well-being.

Negative Thoughts

Internal, critical, or pessimistic perceptions and beliefs that can affect mood and well-being.