If the Percentage Change in the Quantity Demanded of a Good

question 95

Multiple Choice

If the percentage change in the quantity demanded of a good is less than the percentage change in price, price elasticity of demand is:

• A) elastic.
• B) inelastic.
• C) perfectly inelastic.
• D) unitary elastic.

---

Definitions:

Social Characteristics

Attributes that define the social aspects of individuals or groups, including age, gender, ethnicity, social class, and cultural background.

Attributes

are qualities, features, or characteristics that define or identify someone or something.

Motivational Characteristics

Traits or features of a task, environment, or individual that influence the direction, intensity, and persistence of behavior or action.

Social Characteristics

Attributes that define and differentiate individuals and groups within a society.