Which of the Following Illustrates Elastic Demand

question 32

Multiple Choice

Which of the following illustrates elastic demand?

• A)A 5% increase in price causes a 2.5% decrease in quantity demanded.
• B)A 5% increase in price causes a 10% decrease in quantity demanded.
• C)a price elasticity of 0.8
• D)a price elasticity of 1.0
• E)A 10% increase in price causes a 10% reduction in quantity demanded.

---

Definitions:

Overall Lightness

A measure of the perceived brightness of a color or an image, reflecting the amount of light that is emitted or reflected.

Entire Image

Refers to the full, unaltered visual content of an image file, without cropping or editing.

Brightness

The level of light within an image or on a display screen, affecting how light or dark the content appears.

Emphasize Details

Highlighting or making certain elements stand out in order to draw attention to specific information.