If the Demand for IPods Is Price Elastic, Then

question 216

Multiple Choice

If the demand for iPods is price elastic, then

• A)the percentage change in quantity demanded is greater than the percentage change in price (in absolute value).
• B)the percentage change in quantity demanded is less than the percentage change in price (in absolute value).
• C)the percentage change in quantity demanded is equal to the percentage change in price.
• D)quantity demanded is not responsive to changes in price.

---

Definitions:

Cognitive-Behavioural

A therapeutic approach that aims to solve problems concerning dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

Vigorous Activity

Physical activity that is intense enough to significantly raise the heart rate and increase breathing.

Insomnia

A common sleep disorder characterized by difficulty falling asleep, staying asleep, or obtaining restorative sleep.

Insomnia

A sleep disorder characterized by difficulty falling and/or staying asleep, affecting a person's ability to get sufficient rest.