When Total Demand Is Not Much Affected by Price Changes

question 3

Multiple Choice

When total demand is not much affected by price changes, this is known as:

• A) J- curve demand.
• B) non- fluctuating demand.
• C) derived demand.
• D) price inelasticity.
• E) price elasticity.

---

Definitions:

Passivity

A behavior characterized by inactivity or the lack of response to external stimuli or events, often resulting in acceptance of circumstances without resistance or attempt to initiate change.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critique of capitalism and his advocacy for communism as an alternative.

Circumstances

The specific conditions or factors affecting a situation, event, or decision at a given time.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing love, redemption, and forgiveness.