If the Quantity Demanded of a Certain Good Responds Only

question 263

Multiple Choice

If the quantity demanded of a certain good responds only slightly to a change in the price of the good,then the

• A)demand for the good is said to be elastic.
• B)demand for the good is said to be inelastic.
• C)law of demand does not apply to the good.
• D)demand curve for the good shifts only slightly in response to a change in price.

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Definitions:

Breech Position

The baby’s position in the uterus that causes the buttocks to be the first part to emerge from the vagina.

Caesarean Section

A surgical procedure used to deliver a baby through incisions in the abdomen and uterus.

Crosswise

In a direction or manner that crosses or intersects something else, often implying a traverse or diagonal approach.

Typical Approach

A common method or standard procedure applied to solving problems or addressing situations.