Which of the Following Statements Is Correct

question 197

Multiple Choice

Which of the following statements is correct?

• A)The demand for natural gas is more elastic over a short period of time than over a long period of time.
• B)The demand for smoke alarms is more elastic than the demand for Persian rugs.
• C)The demand for bourbon whiskey is more elastic than the demand for alcoholic beverages in general.
• D)All of the above are correct.

---

Definitions:

Mescaline

Mescaline is a psychoactive alkaloid that occurs naturally in certain cacti, known for its hallucinogenic effects.

Cocaine

A powerful and addictive stimulant drug derived from the coca plant, used for medicinal purposes and often illegally for its euphoric effects.

Profound Paranoia

A severe mental condition characterized by intense and irrational mistrust or suspicion, which can significantly impact an individual's life.

Euphoria

A state of intense happiness and self-confidence, often beyond what is considered normal.