If the Quantity Demanded Increases by 20 Percent in Response

question 173

Multiple Choice

If the quantity demanded increases by 20 percent in response to a 10 percent decrease in price, demand is classified as

• A) unstable.
• B) relatively inelastic.
• C) relatively elastic.
• D) of unitary elasticity.

---

Definitions:

XML

Extensible Markup Language, a flexible text format used for structuring and transporting data across platforms.

Export

The action of saving data in a different format, allowing it to be used in other applications or shared more easily.

Form Data

Information entered by the user into a web form or application interface, often stored or processed by the system.

Report Source

The underlying data or information used to generate a report, which can include databases, spreadsheets, or other data collections.