Inelastic Demand for a Product Means That If the Product's

question 82

True/False

Inelastic demand for a product means that if the product's price goes up,demand for it increases,but if a product's price goes down,demand decreases.

---

Definitions:

SAD

Seasonal Affective Disorder, a type of depression that occurs at a particular time of the year, usually in winter.

Altered Consciousness

Any state of awareness that is significantly different from the normal waking state, including states of heightened awareness or conditions like coma.

Medical Doctor

A professional who practices medicine, which involves promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.

PhD

An abbreviation for Doctor of Philosophy, a doctoral degree awarded for advanced study and original research in a specified field.