Demand Is Said to Be Inelastic If the

question 213

Multiple Choice

Demand is said to be inelastic if the

• A)quantity demanded changes proportionately more than price.
• B)price changes proportionately more than income.
• C)quantity demanded changes proportionately less than price.
• D)quantity demanded changes proportionately the same as price.

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Definitions:

Responsibility

The state or fact of being accountable or to blame for something, often involving an obligation to act.

Cohesiveness

The degree to which members are attracted to a group and motivated to remain a part of it.

Attracted

Drawn towards or interested in something or someone due to appealing qualities.

Performance Norms

The accepted standards or expectations regarding performance levels within a group or organization.