If the Demand for a Good Is Elastic, When the Price

question 353

Multiple Choice

If the demand for a good is elastic, when the price increases, the

• A) demand will decrease.
• B) quantity demanded will increase.
• C) quantity demanded will decrease by a smaller percentage than the price increased.
• D) quantity demanded will decrease by a greater percentage than the price increased.

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Definitions:

Integer Operands

The integers (whole numbers) that are used as input for an operation in computer programming or mathematics.

Scanner Object

An object of the Scanner class in Java, used to parse primitive types and strings using regular expressions from an input stream.

NextInt

A method often found in Java's Scanner class used to read the next integer value from the input source.

NextDouble

A method in Java's Scanner class that scans the next token of the input as a double.