If the Demand for a Good Is Elastic, Then

question 90

Multiple Choice

If the demand for a good is elastic, then

• A) the quantity demanded divided by the price exceeds 1.00.
• B) a change in the quantity demanded is smaller than the change in price.
• C) a change in price leads to a smaller percentage change in the quantity demanded.
• D) people substantially decrease the quantity of the good they buy if its price increases by a small percentage.
• E) people do not change the quantity they demand when the price of the good changes.

---

Definitions:

Disinfecting Item

A process or product intended to eliminate pathogens and reduce the risk of spreading infections on surfaces or objects.

Post-Operative Infection

An infection that occurs after surgery in the part of the body where the surgery took place.

Glycemic Index

A measure indicating the ability of carbohydrates in food to raise blood glucose levels after consumption.

Beta Blockers

A class of medications that reduce blood pressure by blocking the effects of the hormone epinephrine, also known as adrenaline.