When the Percentage Change in the Quantity Demanded Equals the Percentage

question 183

Multiple Choice

When the percentage change in the quantity demanded equals the percentage change in price,then demand is

• A) inelastic.
• B) unit elastic.
• C) elastic.
• D) irrelevant.
• E) undefined.

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Definitions:

Efferent

Referring to nerve fibers that carry impulses away from the central nervous system to effectors, such as muscles or glands.

Afferent

Pertaining to nerve fibers that carry sensory information towards the central nervous system.

Indifferent

Showing no particular interest or sympathy; apathetic or uninvolved emotionally.

Somatic Nervous System

A component of the peripheral nervous system that controls voluntary movements of the body through its control of skeletal muscles.