What Term Accurately Describes Demand When the Quantity Demanded Is

question 72

Multiple Choice

What term accurately describes demand when the quantity demanded is very responsive to changes in price?

• A) independent
• B) elastic
• C) unit elastic
• D) inelastic

---

Definitions:

Macy's Buyer

A professional responsible for selecting and purchasing merchandise for resale in Macy's department stores, focusing on meeting consumer demands and trends.

Personal Selling

Personal selling involves direct contact between a salesperson and a potential customer for the purpose of selling a product or service.

Public Relations Department

A division within a company or organization tasked with managing its public image and communications with stakeholders, media, and the public.

Image Management

The practice of overseeing and maintaining a person's or organization's reputation and public perception through various strategies and communications.