If a Good Has a Highly Elastic Demand Curve,then

question 77

Multiple Choice

If a good has a highly elastic demand curve,then:

• A)a small percentage change in price will cause a large change in quantity demanded.
• B)a small percentage change in price will cause virtually no change in quantity demanded.
• C)a large percentage change in price will cause a small change in quantity demanded.
• D)any percentage change in price will cause an almost immediate response in quantity demanded.

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