If a Business Finds That Demand for Its Good Is

question 20

Multiple Choice

If a business finds that demand for its good is very price elastic,it knows that

• A) price is very important.
• B) price is unimportant.
• C) price is unrelated.
• D) the effect of price is less important than the impact of the quantity consumers buy.
• E) the quantity consumers buy is unimportant.

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Definitions:

Confidentiality

The ethical principle or legal right that a physician or other professional will hold secret all information relating to a client, unless given permission to do otherwise.

Chronically Ill Students

Chronically ill students are pupils dealing with long-term health conditions that significantly affect their daily lives, schooling, and healthcare needs.

Turnaround Relationship

A relationship that has experienced significant improvement or rehabilitation after facing difficulties or challenges.

Protective Factor

Variables or conditions in individuals, families, communities, or the larger society that mitigate or eliminate risk, thereby increasing the likelihood of positive outcomes.