If Demand Is Price Inelastic,then

question 38

Multiple Choice

If demand is price inelastic,then

• A)buyers do not respond much to a change in price.
• B)buyers respond substantially to a change in price,but the response is very slow.
• C)buyers do not alter their quantities demanded much in response to advertising,fads,or general changes in tastes.
• D)the demand curve is very flat.

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Definitions:

Postreproductive Survival

The period of an organism's life after it has completed its reproductive phase, which can have significant evolutionary implications, particularly in social species.

Primates

An order of mammals characterized by large brains, forward-facing eyes, and complex social structures, including humans, monkeys, and apes.

Grandmother Hypothesis

A theory positing that the presence and assistance of post-menopausal women, especially grandmothers, can significantly increase the survival rates of their grandchildren, thereby influencing human evolution.

Life-history Hypothesis

A theory that explains how natural selection operates on traits that affect an organism's life cycle, such as reproductive timing, growth, and survival.