Question: 10. Under which condition a good will has a more inelastic demand, a. greater the availability of close substitutes. b. broader the definition of the

10. Under which condition a good will has a more inelastic demand, a. greater the availability of close substitutes. b. broader the definition of the market. c. longer the period of time. d. more it is regarded as a luxury Choose the right answer and explain why other options are wrong.

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4. What specific changes in the environment have taken place in relation to the information we have collected?

2. The purpose of the acquisition of the information.

1. What is the meaning of the information we are collecting?