Let Find the Composite Function Which Expresses the Given Correspondence

question 98

Multiple Choice

Let . Find the composite function which expresses the given correspondence correctly.

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Definitions:

Inelastic

A term describing a situation in which the quantity demanded or supplied of a good or service is relatively unresponsive to changes in price.

Elastic

Describes a situation in which the demand for a good or service significantly changes in response to changes in price.

Elastic

Describes a situation where the demand for a product or service significantly changes in response to a change in its price.

Price Elastic

Relating to the responsiveness of the demand or supply of a good or service to changes in its price.