Demand Becomes More Elastic As

question 88

Multiple Choice

Demand becomes more elastic as:

• A)the number of substitutes available declines.
• B)the time period becomes shorter.
• C)a good makes up a larger percentage of a consumer's budget.
• D)a product is defined more broadly.
• E)the producer has more time to respond to price changes.

---

Definitions:

Coping Style

The methods or strategies an individual uses to handle stress, challenges, or emotional conflict.

Threatening

The act of expressing an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Cancer Risk

The probability or likelihood that an individual will develop cancer over a certain period of time.

Depression and Stress

psychological conditions where depression involves persistent feelings of sadness and loss of interest, while stress involves feelings of strain and pressure.