If a Change in Price Barely Effects Demand, That Means

question 61

Multiple Choice

If a change in price barely effects demand, that means the demand is .

• A) supplied
• B) inelastic
• C) unstable
• D) relative

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Definitions:

Rewarding

Providing a positive response to a behavior, making it more likely to occur again in the future.

Cortical Arousal

The activation level of the brain's cortex, affecting alertness and responses to stimuli; linked to differences in personality traits.

Sensitivity To Stimulation

Refers to the degree of responsiveness or reaction to environmental or sensory stimuli, varying significantly among individuals.

Introvert

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation.