"A Change Over Time" Is the Definition of ____

question 4

Multiple Choice

"A change over time" is the definition of ____. ​

• A)classification
• B)ecology
• C)physiology
• D)evolution
• E)heritage

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Definitions:

Inelastic Demand

A situation where demand for a product or service is relatively unmoved or less sensitive to changes in price.

Elastic Supply

A situation where the quantity of a good supplied by producers changes significantly in response to a small change in price.

Tax Burden

The measure of taxes paid as a proportion of income or the overall economic impact of taxes on an individual or business.

Own Price Elasticity

A measure of the responsiveness of the quantity demanded of a good to a change in its own price.