When Demand Is Inelastic

question 56

Multiple Choice

When demand is inelastic

• A)The percentage change in price is greater than the percentage change in quantity demanded.
• B)Buyers are very sensitive to changes in price.
• C)The product in demand has many substitute goods.
• D)The percentage change in quantity demanded is greater than the percentage change in price.

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Definitions:

Sterilization

A medical procedure that renders a person unable to reproduce, which can be achieved through surgical methods or other forms of contraception.

Scrotum

A pouch of skin that holds the two testes.

Vacuum Aspiration

A first-trimester form of abortion using vacuum suction to remove the conceptus and other tissue from the uterus.

Hysterectomy

A surgical procedure to remove a woman's uterus, which may also involve removing the ovaries and fallopian tubes.