Figure 4.3.1 -Price Elasticity of Demand Measures The

question 57

Multiple Choice

Figure 4.3.1
-Price elasticity of demand measures the:

• A) slope of the demand curve.
• B) sensitivity of quantity demanded to changes in the price of substitute goods.
• C) sensitivity of price to changes in the quantity demanded of substitute goods.
• D) sensitivity of quantity demanded to changes in price.

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Definitions:

Field Properties Pane

A user interface section in database and form design tools that allows users to set and modify the attributes or properties of a database field.

Required Property

A setting in programming and database fields that indicates a field must have a value before a record can be saved or a form submitted.

Field

A component of a database table that holds individual pieces of data, serving as the smallest unit of data storage, like an email address or ID number, in a structured format.

Short Text

A data type in databases used for fields that contain text or combinations of text and numbers, restricted by a maximum length.