If the Percentage Change in Quantity Demanded Is Greater Than

question 2

True/False

If the percentage change in quantity demanded is greater than the percentage change in price, then demand is price elastic.

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Definitions:

Selection Factor

A source of bias that may occur in research findings when participants are allowed to choose for themselves a certain treatment in a scientific study.

Research Findings

The outcomes, results, or conclusions gathered from investigations and studies conducted on specific topics.

Gender Bias

A preference or prejudice toward one gender over the other, which can result in unfair treatment and inequality.

Sampling Error

The discrepancy between statistical measurements obtained from a sample and the actual parameters of the entire population.