For a Good That Is a Necessity

question 130

Multiple Choice

For a good that is a necessity,

• A)quantity demanded tends to respond substantially to a change in price.
• B)demand tends to be inelastic.
• C)the law of demand does not apply.
• D)All of the above are correct.

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Definitions:

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Refers to the capacity of an individual to adapt their identity, beliefs, and behaviors in response to changing environments and situations.

Resocialization

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Virtual Communities are groups of people who interact through specific social media platforms or online spaces, sharing common interests or goals without physical interaction.

Hidden Curriculum

The unwritten, informal teachings and social norms that children learn through the school culture and environment, beyond the formal educational content.