When the Percentage Change in Quantity Demanded Is Less Than

question 43

Multiple Choice

When the percentage change in quantity demanded is less than the percentage change in price that brought it about,demand is said to be

• A)zero elastic.
• B)elastic.
• C)unelastic.
• D)inelastic.
• E)unit elastic.

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Definitions:

Interpersonal Differences

Variations among individuals in terms of their behaviors, attitudes, and communication styles in social settings.

Felt Conflict

The personal and emotional experience of discord or opposition between individuals or within an individual.

Antecedent Conditions

Factors or circumstances existing before a particular event or decision that influence its outcome.

Substantive

Of considerable importance or worth, having substance and not merely theoretical or formal.