Inelastic Demand Exists When

question 12

Multiple Choice

Inelastic demand exists when

• A) a small percentage decrease in price produces a smaller percentage increase in quantity demanded.
• B) a small percentage increase in price produces a larger percentage increase in quantity demanded.
• C) an increase in price is impossible due to government restrictions.
• D) the quantity demanded remains the same regardless of any changes in marketing strategies.
• E) a small percentage decrease in price produces a smaller percentage increase in quantity supplied.

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Definitions:

Bronchovesicular Breath Sounds

Normal breath sounds heard over the central chest or back, indicating air moving through the larger airways.

Heart Sound

The sounds produced by the closing of heart valves and the flow of blood through the heart, often assessed with a stethoscope.

Patellar Reflex

A reflex action of the leg resulting from a sharp tap on the patellar tendon, used to test the nervous system's response.

Reflex

An involuntary and nearly instantaneous movement in response to a stimulus.