If the Price Elasticity of Demand for a Good Is

question 102

Multiple Choice

If the price elasticity of demand for a good is less than one in absolute value,economists would characterize consumers of this good

• A) as not very sensitive to price.
• B) as not very sensitive to the quantity they demand.
• C) as very sensitive to price.
• D) as elastic.

---

Definitions:

Work Experience

The record of jobs or positions one has held, often detailed in resumes or CVs to showcase professional skills and achievements.

Chronologically

Arranged in the order of time, from the earliest to the latest.

Unique Qualifications

Special or distinctive skills, experiences, or attributes that make an individual particularly well-suited for a specific job or role.

Work Experience

A record of employment history, highlighting roles held, responsibilities, skills acquired, and achievements.