If a Good Has a Less Elastic Demand Curve

question 65

Multiple Choice

If a good has a less elastic demand curve:

• A)then a small percentage change in price will cause a large change in quantity demanded.
• B)then any percentage change in price will take a long time to cause a response in quantity demanded.
• C)then a large percentage change in price will cause a small change in quantity demanded.
• D)then any percentage change in price will cause an almost immediate response in quantity demanded.

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Definitions:

Internal Stimuli

Psychological or physiological triggers originating within an individual, such as thoughts, feelings, or sensations, that can influence behavior and perception.

External Stimuli

External stimuli are elements in the environment that can elicit responses from sensory systems, influencing an individual's behavior or reactions.

Attractive Man

A subjective term indicating a male individual who is considered physically appealing or desirable according to societal standards or personal preferences.

Aroused

A state of being alert, awake, or stimulated, often in a physical or emotional sense.