All of the Following Statements Except One Are Correct Concerning

question 63

Multiple Choice

All of the following statements except one are correct concerning a product which has an elastic demand.Which is the exception?

• A)Any relative change in price is greater than the relative change in quantity.
• B)Buyers are relatively sensitive to price changes.
• C)The elasticity coefficient is greater than one.
• D)Total revenue rises if price decreases.

---

Definitions:

Form Layout Tools

Software features or tools that allow for the customization and arrangement of fields and controls in a form.

Arrange Tab

A feature in software applications, particularly in graphical or document editing programs, for organizing and aligning elements.

Tabular

Pertains to data or information presented in rows and columns, resembling a table.

Form Layout

The structure and arrangement of elements within a user form, influencing usability and aesthetics.