If the Demand for IPods Is Price Elastic, Then

question 216

Multiple Choice

If the demand for iPods is price elastic, then

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

---

Definitions:

Fraternal Twins

Twins originating from the fertilization of two unique eggs by two separate sperm, making them genetically different from one another.

Personalities

Personalities refer to the combination of characteristics or qualities that form an individual's distinctive character, influencing their patterns of thought, feelings, and behaviors.

Genetic Influences

Refers to how genetic factors contribute to the development and behavior of an organism.

Free-Floating

A term often used to describe anxiety that is not attached to any specific object or situation but is pervasive and chronic.