The Higher the Price Elasticity,the

question 24

Multiple Choice

The higher the price elasticity,the

• A)more sensitive price changes are to quantity demanded.
• B)less sensitive price changes are to quantity demanded.
• C)more sensitive quantity demanded is to price changes.
• D)less sensitive quantity demanded is to price changes.

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Definitions:

Open-Chain Form

Describes molecules that possess a linear or branched structure without cyclic or ring formations, often contrasting with cyclic forms.

D-Galactose

A naturally occurring sugar component of lactose, important in metabolism and the structure of biomolecules.

Open-Chain Form

Describes compounds that have a linear or branched structure rather than a cyclic structure, common in organic chemistry.

L-Altrose

A rare sugar of the aldohexose type, which is a stereoisomer of glucose and part of the allose family.