When You Use the _______ Command, the Figure Numbers Are

question 54

Multiple Choice

When you use the _______ command, the figure numbers are inserted as fields that are automatically renumbered if you insert new figures or move the figures around.

• A) Insert Caption
• B) Add Caption
• C) Insert Figure
• D) Add Figure

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Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively expressed as the percentage change in quantity demanded divided by the percentage change in price.

Inelastic

An inelastic good or service has a demand that does not change significantly when its price goes up or down.

Insensitive to Price

A characteristic of demand wherein the quantity demanded by consumers changes very little with a change in the product's price.

Unit Elastic

A situation in economics where the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.