If a Huge Percentage Change in Price Leads to a Small

question 228

True/False

If a huge percentage change in price leads to a small percentage change in quantity demanded, then demand is said to be elastic.

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Definitions:

Continuous Order

A process or instruction that operates without interruption or pause.

Infusion Pump

An electronic medical device used to deliver fluids, such as nutrients and medications, into a patient's body in controlled amounts.

IVPB Antibiotic

An intravenous piggyback (IVPB) delivery method for administering antibiotics through a secondary line attached to the primary IV line.

Microdrip Infusion Set

A medical apparatus designed for the administration of fluids and medications into patients, delivering small, precisely controlled drops per milliliter (usually 60 drops/ml).