When the Percentage Change in Quantity Demanded Is Greater Than

question 2

Multiple Choice

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

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

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Definitions:

Adults

Individuals who have reached the age at which they are considered legally responsible for their actions, typically 18 or older.

Percent

A mathematical term describing a number or ratio expressed as a fraction of 100.

REM Sleep

A stage of sleep characterized by rapid eye movements, during which vivid dreams commonly occur, and is thought to play a role in learning and memory.

Non-REM Sleep

A phase of sleep that includes all sleep stages except for REM sleep, characterized by slower brain waves and reduced eye movement.