What Does a Relatively Steep Demand Curve Mean

question 43

Multiple Choice

What does a relatively steep demand curve mean?

• A) quantity demand will adjust slightly to a price change
• B) quantity demand will adjust greatly to a price change
• C) quantity demand will not adjust to a price change
• D) the change in quantity demand will exactly equal a change in price

---

Definitions:

Conscious Perception

The awareness or understanding of sensory information by the mind, allowing for interaction with and interpretation of the environment.

Cerebral Cortex

The external neural tissue layer of the cerebrum in the brain, which is crucial for functions such as memory, attention, perception, thinking, consciousness, language, and awareness.

Projection

The psychological mechanism of attributing one's feelings, thoughts, or attitudes to others.

Integration

The process of combining parts or elements to form a whole, often used in reference to functions of biological or computational systems.