The Demand Curve for Oil Is Inelastic, Meaning That the Quantity

question 179

Multiple Choice

The demand curve for oil is inelastic, meaning that the quantity of oil demanded:

• A) rises by a lot even when the price of oil increases by only a little.
• B) rises by only a little even when the price of oil increases by a lot.
• C) falls by a lot even when the price of oil increases by only a little.
• D) falls by only a little even when the price of oil increases by a lot.

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Definitions:

Childhood Disintegrative Disorder

A rare condition characterized by late onset (at least after two years of normal development) of developmental delays in language, social function, and motor skills.

Asperger's Disorder

A former diagnostic category denoting a higher-functioning form of autism characterized by significant difficulties in social interaction and nonverbal communication, alongside restricted and repetitive patterns of behavior and interests.

Rett's Disorder

A rare genetic neurological and developmental disorder that affects the way the brain develops, leading to a progressive loss of motor skills and speech.

Preservation Of Sameness

The need or desire for consistency, routine, and predictability in one's environment, often emphasized in discussions of autism spectrum disorders as a common characteristic.