Inelastic Demand Simply Means That

question 123

Multiple Choice

Inelastic demand simply means that

• A) buyers will not make a modified rebuy purchase.
• B) demand depends on how many items are purchased.
• C) a price increase or decrease will not significantly change the demand for an item.
• D) when price goes up, demand goes down.
• E) when supply is reduced, the price will increase.

---

Definitions:

Stepchildren

Children from a previous relationship of one's spouse, forming a new family dynamic in stepfamilies.

Stepfamily Cycle

The series of phases that a stepfamily goes through as they work to integrate and harmonize different family members.

Family Members

Individuals related by blood, marriage, or adoption, often sharing a common household or familial bond.

Recognition

The acknowledgement or identification of the existence, validity, or legality of something.