If Demand Changes Greatly with Price,we Say the Demand Is

question 122

True/False

If demand changes greatly with price,we say the demand is inelastic.

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Definitions:

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Amount of Exercise

The volume or duration of physical activity that an individual engages in, typically measured in terms of frequency, intensity, and time.

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Correlational Study

A research method that examines the relationship between two variables to determine if a statistical association exists, without establishing cause-and-effect.