When the Percentage Change in Quantity Demanded Is Less Than

question 419

Multiple Choice

When the percentage change in quantity demanded is less than the percentage change in price, the demand for the good is

• A) inelastic.
• B) unit elastic.
• C) perfectly inelastic.
• D) elastic.

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Definitions:

Bacterial Infection

An ailment caused by harmful bacteria entering the body, leading to symptoms such as fever, inflammation, and in some cases, serious illness.

Hemorrhoids

Swollen and inflamed veins in the rectum and anus that cause discomfort and bleeding.

Rectum

The rectum is the final section of the large intestine, terminating at the anus, where feces are stored until they leave the body.

Anal Canal

The last few centimeters of the rectum.