Demand Is Said to Be Inelastic If the

question 213

Multiple Choice

Demand is said to be inelastic if the

• A)quantity demanded changes proportionately more than price.
• B)price changes proportionately more than income.
• C)quantity demanded changes proportionately less than price.
• D)quantity demanded changes proportionately the same as price.

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Definitions:

Soviet Expansion

describes the geopolitical strategy pursued by the Soviet Union during the 20th century aimed at spreading its influence and control over Eastern Europe, Asia, and other regions through military, political, and economic means.

Secretary of State Kissinger

Henry Kissinger, who served as the U.S. Secretary of State under Presidents Nixon and Ford, known for his role in shaping foreign policy, including détente with the Soviet Union and opening relations with China.

Israel and Egypt

Israel and Egypt are two countries in the Middle East that signed the Camp David Accords in 1978, leading to the Egypt-Israel Peace Treaty in 1979.

United Nations

An international organization founded in 1945 to promote peace, security, and cooperation among the world's nations.