For Demand to Be Inelastic

question 46

Multiple Choice

For demand to be inelastic,

• A)the percentage change in quantity demanded must be equal to the associated percentage change in price.
• B)demand must change with a change in price.
• C)the percentage change in quantity demanded must be less than the associated percentage change in price.
• D)quantity demanded must change with a change in price.
• E)the percentage change in quantity demanded must be greater than the associated percentage change in price.

---

Definitions:

Systematic Review

A systematic review is a rigorous method of identifying, evaluating, and synthesizing all available research on a particular topic or question, following a predefined protocol.

Crowdsourcing

The practice of obtaining ideas, services, or content by soliciting contributions from a large group of people, especially from the online community.

Alternative Solutions

Different methods or strategies that can be employed to achieve a goal, especially when dealing with a problem or challenge.

Problem

A situation, question, or issue that is difficult to deal with or understand, requiring a solution or answer.