When US Demand for Imports Is Price Elastic,a(n)___________ in Price

question 4

Multiple Choice

When US demand for imports is price elastic,a(n) ___________ in price leads to a ___________ proportionate increase in the quantity demanded so that expenditures on the imports increase.

• A)increase; smaller
• B)increase; larger
• C)decrease; smaller
• D)decrease; larger

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Definitions:

Adenocarcinoma

A type of cancer that forms in mucus-secreting glands throughout the body, often found in the lung, prostate, pancreas, and colon.

Abbreviation

The act or result of shortening a word or group of words to form a shorter word or phrase, typically used to save space or avoid repetition.

Lymphatic System

A network of vessels and nodes throughout the body that is involved in transporting lymph, a fluid containing white blood cells and waste products, as well as in immune system functions.

Cancerous Tumor

An abnormal growth of cells that can invade and destroy surrounding tissue and potentially spread to other parts of the body.