A Craze for Apples in Riverdale Increases the Quantity Demanded

question 52

Multiple Choice

A craze for apples in Riverdale increases the quantity demanded at every price by five bushels.Between any two prices, the new demand curve will be ____ the old demand curve.

• A)more elastic than
• B)less elastic than
• C)equal in elasticity to
• D)More information is needed to predict the relationship.

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Definitions:

Name Manager

A feature in spreadsheet applications that allows users to manage named ranges, constants, and formulas, simplifying the process of referencing data.

Dialog Box

A small window that prompts the user to enter information or make a selection before they can proceed with a task.

Defined Name

A feature in spreadsheet programs that lets a user assign a meaningful name to a cell, range of cells, formula, or constant value.

3-D Reference

A 3-D Reference in spreadsheet software allows a formula to reference cells across multiple sheets within the same workbook.