When Quantity Demanded Responds Strongly to Changes in Price,demand Is

question 22

Multiple Choice

When quantity demanded responds strongly to changes in price,demand is said to be

• A)fluid.
• B)elastic.
• C)dynamic.
• D)highly variable.

---

Definitions:

Single Donor

Refers to contributions received from one individual, organization, or entity to support a particular cause or organization.

Critical Mass

A threshold level of support, participation, or resources required to sustain a venture or initiate a significant change or action.

Sectors

Broad categories that represent segments of the economy or society, such as public, private, and nonprofit sectors, each with distinct characteristics and functions.

Spectrum Of Organizations

The range or continuum of different types of organizations from those that are purely profit-focused to those entirely non-profit or charitable.