The Percentage Change in the Quantity Demanded in Response to a Percentage

question 111

Multiple Choice

The percentage change in the quantity demanded in response to a percentage change in the price is known as the

• A) slope of the demand curve.
• B) excess demand.
• C) price elasticity of demand.
• D) All of the above.

---

Definitions:

Exergonic

A process that releases energy to its surroundings, typically in the form of work or heat.

High Energy Bond

A bond, typically found between phosphate groups in ATP, that releases a significant amount of energy when broken, commonly used in cellular processes.

Phosphate Groups

Functional groups consisting of a phosphorus atom covalently bonded to four oxygen atoms, important in energy transfer and molecular structure of nucleic acids.

Enzyme

Biological molecules that act as catalysts, speeding up chemical reactions in living organisms.