Demand Is Inelastic If

question 11

Multiple Choice

Demand is inelastic if

• A) the price elasticity of demand is less than 1.
• B) the price elasticity of demand is greater than 1.
• C) the quantity demanded is very responsive to changes in price.
• D) a large change in quantity demanded results in a small change in price.

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Definitions:

Sociability

The quality of being inclined to seek out social interactions and enjoy the company of others.

Dominance

The power and influence one individual or group has over another, often used in the context of social hierarchies.

Supportive Style

A manner of interaction that provides encouragement, feedback, and assistance in a positive way.

Emotive

Related to or provoking strong feelings, emotions, or responses.