What Does Inelastic Demand Mean

question 187

Multiple Choice

What does inelastic demand mean

• A)consumers hardly respond to a change in price.
• B)consumers respond substantially to a change in price.
• C)consumers respond directly to a change in income.
• D)change in quantity demanded is equal to the change in price.

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Definitions:

Femininity

A set of attributes, behaviors, and roles generally associated with girls and women, often considered in contrast to masculinity.

Sex

Biological and physiological characteristics that define humans as male or female, but in a broader sense, it also refers to activities related to sexual intercourse.

Gender

Roles, behaviors, activities, and attributes deemed appropriate for men and women by societal norms and constructs.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.