Writing Down Your Main Ideas, Subpoints, and Supporting Material, Then

question 7

Multiple Choice

Writing down your main ideas, subpoints, and supporting material, then using geometric shapes and arrows to indicate logical relationships is a technique known as

• A) graphing.
• B) mapping.
• C) brainstorming.
• D) laddering.

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Definitions:

Unit Elastic

A situation in which a one percent change in price causes an equal percentage change in quantity demanded or supplied.

Very Inelastic

Describes a situation where the demand or supply for a product is barely affected by changes in the price.

Calculate Elasticity

entails determining the degree to which the quantity demanded or supplied of a good changes in response to a change in its price.

Unit Elastic

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.