A Relatively Flat Demand Curve Indicates That

question 25

Multiple Choice

A relatively flat demand curve indicates that

• A)quantity demanded will adjust only slightly to a price change.
• B)quantity demanded will adjust significantly to a price change.
• C)quantity demanded will not adjust to a price change.
• D)the change in quantity demanded will exactly equal a change in price.

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Definitions:

Business Brief

A concise summary of the key points of a business plan or project.

Visual

Relating to seeing or sight, often used in context to refer to materials or presentations that are intended to be looked at.

Business Plan

A detailed document outlining the objectives, strategies, financial projections, and operational framework of a business, intended to guide its course and attract investment.

Funding

The act of providing financial resources to support a project, business, or idea.