Demand Is Price Inelastic If ________ Percentage Change in the Price

question 100

Multiple Choice

Demand is price inelastic if ________ percentage change in the price leads to a ________ percentage change in the quantity demanded.

• A) a small; large
• B) a large; small
• C) any; large
• D) Both answers A and B are correct.
• E) None of the above answers is correct.

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Definitions:

Type 1 Diabetes

A chronic condition where the pancreas produces little or no insulin, requiring lifelong insulin therapy for management.

Syndrome of Inappropriate ADH

A condition characterized by excessive release of antidiuretic hormone leading to water retention and hyponatremia (low sodium levels).

Restrict Fluids

A medical recommendation to limit the amount of liquids consumed, often used in conditions where the body is retaining too much fluid.

Hypoparathyroidism

A rare condition where the parathyroid glands produce too little parathyroid hormone, leading to low calcium levels in the blood.