What Is the Term for the Responsiveness or the Sensitivity

question 49

Multiple Choice

What is the term for the responsiveness or the sensitivity of consumer demand to changes in price when consumers buy more or less of a product when the price changes?

• A)the break-even point
• B)the point of equilibrium
• C)asymmetrical demand
• D)elasticity of demand

---

Definitions:

Ectothermic Animals

Organisms that regulate their body temperature through external sources, unable to internally maintain a constant body temperature.

External Environment

The conditions, entities, and factors surrounding and affecting an organism or system outside of its immediate physical location.

Body Temperature

The measure of the body's ability to generate and get rid of heat, necessary for maintaining metabolic processes.

Blood Vessels

Tubular structures in the circulatory system through which blood flows, including arteries, veins, and capillaries, crucial for transporting nutrients, oxygen, and waste materials.