Which of the Following Is Not Characteristic of the Demand

question 165

Multiple Choice

Which of the following is not characteristic of the demand for a commodity that is elastic?

• A)The relative change in quantity demanded is greater than the relative change in price.
• B)Buyers are relatively sensitive to price changes.
• C)Total revenue increases if price is increased.
• D)The elasticity coefficient is greater than one.

---

Definitions:

Sexual Orientation

Sexual Orientation refers to an individual's enduring physical, romantic, and/or emotional attraction to others, based on their gender.

Gender Stereotypes

Preconceived ideas whereby females and males are arbitrarily assigned characteristics and roles determined and limited by their gender.

Gender Socialization

The process by which individuals learn and adopt the attributes, behaviors, and roles typically associated with their gender according to cultural norms.

Sex Chromosomes

Chromosomes, specifically the X and Y chromosomes in humans, that determine the biological sex of an organism.