Demand Is Price Inelastic If a Relatively ________ Price Increase

question 194

Multiple Choice

Demand is price inelastic if a relatively ________ price increase leads to a relatively ________ in the quantity demanded.

• A) large; small increase
• B) small; large decrease
• C) large; small decrease
• D) small; large increase

---

Definitions:

Group Roles

The functions or parts played by individuals within a group context, which can vary from leadership and decision-making roles to support and maintenance functions.

Group Composition

The makeup or structure of a group, including the variety and characteristics of its members.

Focus

A central point of interest or activity.

Individual Roles

Specific functions or responsibilities assigned to persons within a group or organization, highlighting the contribution of each member.