Demand Is Said to Be Inelastic If

question 56

Multiple Choice

Demand is said to be inelastic if:

• A)the price of the good responds only slightly to changes in demand
• B)demand shifts only slightly when the price of the good changes
• C)buyers respond substantially to changes in the price of the good
• D)the quantity demanded changes only slightly when the price of the good changes

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Definitions:

Dear Mr. Smith

A formal salutation typically used at the beginning of a letter or email to address a man respectfully.

Capitalization

The writing of a word with its first letter in uppercase and the remaining letters in lowercase.

Civil Rights Movement

The social and political campaign in the United States aimed at ending racial segregation and discrimination against African Americans, primarily in the 1950s and 1960s.

Capitalization

Refers to the writing of a word with its first letter in uppercase and the remaining letters in lowercase, applicable to proper nouns and certain other cases.