Which of the Following Would Tend to DECREASE the Elasticity

question 68

Multiple Choice

Which of the following would tend to DECREASE the elasticity of demand for good X?

• A)The cost of producing X decreases.
• B)Several firms which used to produce substitutes for X go out of business.
• C)Consumers begin spending a smaller percentage of their income on X.
• D)both b and c
• E)all of the above

---

Definitions:

Artful Practices

Artful practices refer to skillful, creative actions or techniques individuals use in social interactions to navigate and shape their social environments.

Self-Confidence

The belief in one's personal ability or capacity to accomplish tasks and face challenges effectively.

Conversational Procedure

The rules and norms that guide the flow of conversation, ensuring effective communication and mutual understanding.

Ethnomethodological Perspectives

An approach in sociology which focuses on the ways in which individuals create, maintain, and understand social norms and meanings through everyday interactions.