Elastic Demand Exists When

question 36

Multiple Choice

Elastic demand exists when

• A) a small percentage decrease in price produces a smaller percentage increase in quantity demanded.
• B) a small percentage decrease in price produces a larger percentage increase in quantity demanded.
• C) an increase in price causes a larger increase in quantity demanded.
• D) the quantity demanded remains the same regardless of level of price.
• E) no change in price produces a small percentage change in quantity demanded.

---

Definitions:

Stimulus Information

refers to data or sensory input that triggers a response in an organism or system.

Conjunctive Stimuli

A combination of stimuli that are presented together and the response is conditioned to their combination rather than to any individual component.

Priming

A technique in psychology used to train people's memory in both positive and negative ways, influencing their responses and perceptions.

Visual Presentations

The display of information in a visual format, such as graphs, charts, diagrams, videos, or slides, aimed at enhancing understanding, engagement, and retention of information.