If the Quantity of Carrots Demanded Increases by a Small

question 143

Multiple Choice

If the quantity of carrots demanded increases by a small percentage when income increases by a large amount,the demand for carrots is

• A)price elastic.
• B)price inelastic.
• C)income inferior.
• D)income elastic.
• E)income inelastic.

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Definitions:

Extremely Hot

A condition or temperature significantly higher than average or expected, often associated with environments close to volcanic activity or during heatwaves.

Slightly Hot

A mild increase in temperature, moderately above what is considered normal or comfortable.

Warm

Describes a higher temperature or a sensation of heat which is more than mild but not excessively hot.

Calderas

Large, usually circular depressions or crater formed by the collapse of a land area following the eruption of a volcano, often filled with water to form a lake.