Demand Is Inelastic If

question 219

Multiple Choice

Demand is inelastic if

• A) a large change in quantity demanded results in a small change in price.
• B) the quantity demanded is very responsive to changes in price.
• C) the price elasticity of demand is less than 1.
• D) the price elasticity of demand is greater than 1.

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Definitions:

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Depression Scale

A tool used to assess the severity of depressive symptoms in individuals.

Predictive Validity

The degree to which a result from a test or scale forecasts future results in a related area.

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