If the Percentage Change in Quantity Demanded Is Greater Than

question 523

Essay

If the percentage change in quantity demanded is greater than the percentage change in price, can you determine if the demand is elastic, unit elastic, or inelastic? Explain your answer.

---

Definitions:

Seriously Disabled

Refers to individuals who have significant physical or mental impairments that substantially limit one or more of their major life activities.

Parental Duties

Responsibilities and obligations that parents have towards their children, including providing for their welfare, education, and safety.

Child Abuse

Any action or failure to act by a caregiver or parent that results in actual or potential harm to a child's health, survival, dignity, and development.

Neglecting

Failing to care for or give proper attention to duties, responsibilities, or individuals for whom one has an obligation.