Which Combination of Factors Would Lead to Large Price and Total

question 102

Multiple Choice

Which combination of factors would lead to large price and total revenue changes?

• A)inelastic demand for a product and large swings in supply
• B)elastic demand for a product and small swings in supply
• C)inelastic demand for a product and constant supply
• D)a and c
• E)none of the above

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Definitions:

Adults

Individuals who have reached full physical maturity, typically characterized by completed growth and the attainment of legal age for societal responsibilities and privileges.

Percentage

A mathematical concept that represents a fraction of 100, used to express proportions and ratios.

Multigenerational Family

A family structure that includes members from more than two generations living together or in close proximity, such as grandparents, parents, and children.

Older Adult

An individual who is in the later stage of life, often defined as being 65 years or older.