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.

---

Definitions:

Claim Message

A communication piece that asserts a right, demands an entitlement, or expresses a grievance needing resolution.

Better Business Bureau

A nonprofit organization focused on advancing marketplace trust by rating companies and addressing consumer complaints.

Refusal of a Claim

The act of denying a request for compensation, benefits, or reimbursement, often following a formal assessment process.

Adjustment

Adjustment refers to a small alteration or movement made to achieve a desired fit, appearance, or result.