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:

Polygamous

A mating system in which an individual has multiple partners during one breeding season or throughout their lifetime.

Monogamous

A relationship style or system where an individual has only one partner during their lifetime or at any one time.

Psychological Traits

Enduring characteristics or behaviors that are consistent across different situations and over time.

Physical Traits

Observable characteristics of an individual's body, such as height, hair color, and facial features.