If Demand Changes Greatly with a Small Change in Price,we

question 95

Multiple Choice

If demand changes greatly with a small change in price,we say the demand is ________.

• A)inelastic
• B)variable
• C)elastic
• D)value-based
• E)fixed

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Definitions:

5-day SMA

The average of a security's closing prices over the last 5 days, often used to identify trends.

Spreadsheet

A digital worksheet used for organizing, analyzing, and storing data in tabular form, often featuring calculation functionalities.

Monthly Mortgage

The scheduled monthly payment towards the principal and interest of a mortgage loan.

Sublet

The act of leasing an apartment or house from a tenant rather than directly from the landlord or property owner.