If Demand Is Elastic

question 35

Multiple Choice

If demand is elastic,

• A)then it changes very little in response to a price change.
• B)then it changes significantly in response to a price change.
• C)then demand is zero.
• D)then demand is infinite.

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Definitions:

Aspect Ratio

The proportional relationship between the width and height of an image or display screen.

Select Button

A control element in a graphical user interface that allows users to choose or highlight one or more options from a list.

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The action of highlighting or marking an entire row in a spreadsheet or table for further operations.

Select Table

The action or command to choose or highlight the entire table in a database or spreadsheet application for manipulation or formatting.