Which of the Following Is a Type of VBA Procedure

question 7

Multiple Choice

Which of the following is a type of VBA procedure?

• A)Format
• B)Control
• C)Reference
• D)Function

---

Definitions:

Perfectly Inelastic

A demand situation where the quantity demanded does not change in response to price changes.

Elastic

A characteristic of a demand or supply curve which shows a high responsiveness to changes in price.

Inelastic

Refers to a condition in which the demand or supply of a product or service remains largely unaffected by variations in its price.

Pure Monopolist

A market scenario where a single company or entity exclusively controls the entire supply of a particular product or service, without any close substitutes or competition.