If an Item Has Several Good Substitutes,the Demand Curve for That

question 22

Multiple Choice

If an item has several good substitutes,the demand curve for that item is likely to be

• A)relatively inelastic.
• B)relatively elastic.
• C)perfectly inelastic.
• D)unit elastic.

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Definitions:

Pictures of Infants

Visual representations, such as photographs or drawings, of young babies or newborns.

Ecological Systems Theory

A theory focusing on the organization and interactions of the multiple environmental contexts within which children develop.

Microsystem

The immediate environments in which an individual interacts directly, such as family, school, and peer group, part of Bronfenbrenner's ecological systems theory.

Mesosystem

A concept in ecological systems theory referring to the interconnections between the microsystems or immediate environments in a person's life.