Which of the Following Is False

question 234

Multiple Choice

Which of the following is false?

• A)​The price elasticity of demand measures the responsiveness of quantity demanded to a change in price.
• B)​The price elasticity of demand is defined as the percentage change in quantity demanded divided by the percentage change in price.
• C)​If demand is elastic, it means the quantity demanded changes by a relatively larger amount than the price change.
• D)​All of the above are true.

---

Definitions:

Depositary Institutions

Financial institutions that accept deposits from customers and provide banking services like loans and payment transactions.

Stop-payment Order

An order given to a bank by an account holder not to honor a specific check or payment, often used in cases of lost checks or disputes over payment.

Six Months

A time frame consisting of approximately 180 days or half a year.

Drawer

The person or entity that writes or issues a check, making an order to a bank to pay a specified amount of money to the party named or to the bearer.