Demand Tends to Be More Elastic When

question 24

Multiple Choice

Demand tends to be more elastic when:

• A) price is high and more inelastic when price is low.
• B) price is low and more inelastic when price is high.
• C) demand is perfectly inelastic.
• D) the quantity demanded is larger.

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Definitions:

Muscular

Relating to or involving the muscles of the body or the physical strength, power, and endurance of muscles.

Pear-shaped

A term often used to describe a body shape where the hips are wider than the shoulders.

Adipose Tissue

A type of body tissue containing stored fat used for energy storage and insulation.

Liplike Structures

Parts or features that resemble or function similarly to lips, often found in anatomy or botany.