When Is Demand Said to Be Elastic

question 226

Multiple Choice

When is demand said to be elastic

• A)if the price of the good responds substantially to changes in demand
• B)if demand shifts substantially when the price of the good changes
• C)if buyers do not respond to changes in the price of the good
• D)if the quantity demanded responds substantially to changes in the price of the good

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Definitions:

Biradially Symmetrical

A type of symmetry in organisms where the body can be divided into mirror-image halves in two different planes.

Cnidarian

A group of aquatic invertebrates known for their stinging cells, including jellyfish, corals, and sea anemones.

Sponges

Simple aquatic invertebrates known for their porous bodies through which water flows, extracting nutrients and oxygen.

Cubozoans

Members of the class Cubozoa, a group of highly venomous box jellyfish known for their cube-shaped medusae and potent stings.