If Demand Changes Greatly with a Small Change in Price,we

question 95

Multiple Choice

If demand changes greatly with a small change in price,we say the demand is ________.

• A)inelastic
• B)variable
• C)elastic
• D)value-based
• E)fixed

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Definitions:

Headnote

A brief summary or statement at the beginning of a legal decision or in a legal journal that summarizes the court’s ruling.

Reported Case

A legal decision documented and published in legal reference sources that can be used as a legal precedent.

Court's Ruling

The final decision issued by a court in a legal case, determining the outcome and resolution of the legal matter at hand.

Issue of Law

A question regarding the interpretation or application of a law, rule, or legal principle that is to be decided by a court.