Demand Is Inelastic If the Elasticity Is Greater Than 1

question 74

True/False

Demand is inelastic if the elasticity is greater than 1.

---

Definitions:

Internal Colonialism

A concept in sociology referring to the unequal economic and power relations within a country, often between a dominant group and marginalized communities.

Expulsion

The act of forcing someone to leave a place, especially an educational institution or a country, often as a form of punishment.

Conquest

The act of gaining control over a territory or people, typically through military force.

Assimilation

The process in which individuals or groups of differing ethnicity are absorbed into the dominant culture of a society.