If the Demand for a Good Is Currently Elastic, Then

question 82

Multiple Choice

If the demand for a good is currently elastic, then

• A)the percentage change in quantity demanded of the good is greater than the percentage change in price of the good.
• B)the percentage change in quantity demanded of the good is less than the percentage change in price of the good.
• C)the percentage change in quantity demanded of the good is equal to the percentage change in price of the good.
• D)quantity demanded of the good is not responsive to changes in the price of the good.

---

Definitions:

Content of Thinking

Refers to the subjects, themes, or ideas that occupy one's thoughts, reflecting individual concerns, interests, and cognitive processes.

Hopelessness Depression

A subtype of depression characterized by a negative outlook on the future and a feeling that nothing can improve.

Pessimistic Attitude

A mindset inclined towards expecting the worst possible outcomes or focusing on the negatives in any situation.

Positive Thinking

A mental attitude focusing on the bright side of life and expecting positive results.