When the Percentage Change in Quantity Demanded Is Less Than

question 49

Multiple Choice

When the percentage change in quantity demanded is less than the percentage change in price:

• A) demand is price elastic.
• B) demand is price inelastic.
• C) an increase in price will result in lower total revenue.
• D) total revenue will be zero at the midpoint of a linear demand curve.

---

Definitions:

Physiological Arousal

Refers to the body's response to stimuli, resulting in increased physical activity and alertness, including faster heartbeat and breathing.

Spinal Cord Injury

A traumatic event causing damage to the spinal cord, potentially leading to a loss of function or mobility below the site of the injury.

Feelings of Anger

An emotional state characterized by strong discomfort and hostility towards someone or something perceived as a threat or wrongdoing.

Intensity

The degree of strength, force, or concentration of an activity, emotion, or property.