If the Percentage Change in Quantity Demanded Is Less Than

question 60

Multiple Choice

If the percentage change in quantity demanded is less than the percentage change in price,we would say that over this range,demand is:

• A)elastic.
• B)unit elastic.
• C)inelastic.
• D)perfectly elastic.

---

Definitions:

Damage Award

A damage award is the amount of money granted to a party in a lawsuit for compensation for loss, injury, or harm suffered as a result of another party's actions.

Specific Performance

A legal remedy requiring a party to perform a specific act, often the completion of a transaction as contractually agreed.

Antique Handmade Lace Tablecloth

A valuable and intricate textile made by hand, often considered a collectible due to its age, craftsmanship, and design.

Injunctive Relief

A court-ordered act or prohibition against a particular act or behavior, typically to prevent irreparable harm.