The Greater the Elasticities of Supply and Demand, the Smaller

question 124

True/False

The greater the elasticities of supply and demand, the smaller are the gains from trade.

---

Definitions:

Hypnotized

A state of highly focused attention or concentration, often associated with relaxation and heightened suggestibility.

Amphetamines

Amphetamines are a type of stimulant medication used to treat conditions like ADHD and narcolepsy by increasing focus, attention, and energy levels through central nervous system activation.

Dopamine

A neurotransmitter involved in controlling the brain's reward and pleasure centers, as well as regulating movement and emotional responses.

Frontal Cortex

The part of the brain located in the front of the head, responsible for decision making, problem solving, and controlling behavior.