Demand Is Elastic If

question 110

Multiple Choice

Demand is elastic if

• A) consumers respond strongly to changes in the product's price.
• B) a large percentage change in price brings about a small percentage change in quantity demanded.
• C) a small percentage change in price brings about a small percentage change in quantity demanded.
• D) the quantity demanded is not responsive to price changes.
• E) the demand curve is vertical.

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