The Output of the Statement:cout << Tolower('$') << Endl; Is

question 14

Multiple Choice

The output of the statement:cout << tolower('$') << endl; is ____.

• A) '$'
• B) '0'
• C) '1'
• D) An error, because you cannot use tolower with '$'.

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Definitions:

Income Elasticity

Measures how the demand for a product or service changes in response to changes in consumer income.

Positive Elasticity

Occurs when the demand for a product increases as the price increases, indicating a direct relationship between price and demand.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in the price of that product.