If the quantity demanded of good changes drastically when the price changes, the good is relatively elastic. Elastic is an economic term describing the change in the behavior of buyers and sellers in response to a price change for a good or service. For example, these days there are many alternatives to Heinz soup. If price rises, people will switch to less expensive varieties. Instead, tap water is a necessity with no alternatives. If the water company increase the cost of water bills, people would keep buying the service. It would have to rise to a very high price before people disconnected their water supply. This is why tap water is regulated by the government.
Answer: True
Only to operant conditioning
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B: a few huge businesses control an industry.
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Answer: The lowest point on Earth is the Deep Sea, Jordan/Israel, 1414 feet (431 meters) below sea level
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Deficit theory is the theory claims that those who use nonstandard speech are less capable of abstract thought. It is the theory or perspective in which the students are being defined basing their weaknesses instead of their strengths. This theory suggests that the reason why people are poor is that of their intellectual and moral deficiencies.
