If the Percentage Change in Quantity Demanded Is Greater Than

question 2

True/False

If the percentage change in quantity demanded is greater than the percentage change in price, then demand is price elastic.

---

Definitions:

Socialization

The ongoing process of inheriting and disseminating norms, customs, values, and ideologies, providing an individual with the skills and habits necessary for participating within their own society.

News Net

A network or system dedicated to the collection and dissemination of news and information.

Editor-In-Chief

An Editor-In-Chief is the head of an editorial team, responsible for the final editorial decisions and direction of a publication or media outlet.

Cyberspace

A virtual environment where communication over computer networks occurs. It's often associated with the internet.