For Demand to Be Inelastic

question 46

Multiple Choice

For demand to be inelastic,

• A)the percentage change in quantity demanded must be equal to the associated percentage change in price.
• B)demand must change with a change in price.
• C)the percentage change in quantity demanded must be less than the associated percentage change in price.
• D)quantity demanded must change with a change in price.
• E)the percentage change in quantity demanded must be greater than the associated percentage change in price.

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Definitions:

Mantle-Derived Magmas

Magmas that originate from the partial melting of the Earth's mantle, often rich in magnesium and iron.

Continental Crust

The layer of igneous, sedimentary, and metamorphic rocks which form the continents and the shallow seas close to them, distinguished by its lower density compared to oceanic crust.

Decompression Melting

The process by which melt is generated within the Earth when a body of rock is held at approximately the same temperature but the pressure is reduced.

Mantle-Derived Magmas

Magmas that originate from melting processes within the Earth's mantle, often associated with tectonic activity and volcanic eruptions.