Demand Is Said to Be Elastic When

question 63

Multiple Choice

Demand is said to be elastic when

• A) The percentage change in the amount demanded is smaller that the percentage change in price
• B) The demand curve is relatively flat
• C) The elasticity of demand is less than -1
• D) The elasticity of demand is greater than -1

---

Definitions:

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Cybersquatting

The act of registering, selling, or using a domain name with the intent of profiting from the goodwill of someone else's trademark.

Trademark

A word, symbol, or phrase that has been legally registered or officially established through usage to signify a company or product.

Domain Name

The address of a website on the internet which is used to access web pages, typically consisting of a string of characters representing the identity of the website.