When the Quantity Demanded Is Less Sensitive to a Change

question 77

Multiple Choice

When the quantity demanded is less sensitive to a change in price,then the absolute value of the price elasticity of demand is

• A) smaller.
• B) larger.
• C) close to infinity.
• D) close to 1.
• E) unaffected by the change in sensitivity.

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Definitions:

Larynx

The voice box, located in the neck, which contains the vocal cords and is involved in breathing, producing sound, and protecting the trachea against food aspiration.

Cartilages

A type of flexible connective tissue found in various areas of the body like joints, rib cage, and ear, offering support and structure.

Upper Respiratory Tract

The part of the respiratory system that includes the nose, nasal passages, pharynx, and larynx, which serve as entryways for air into the body.

Pharynx

A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both respiratory and digestive functions.