Demand for a Good Is Said to Be Inelastic If

question 125

True/False

Demand for a good is said to be inelastic if the quantity demanded increases slightly when the price falls by a large amount.

---

Definitions:

Neurotransmitter

Chemical substances that transmit signals across a synapse from one neuron to another in the nervous system.

Local Potential

Changes in the electric potential of a neuron's membrane that are confined to a small area, unlike action potentials that can spread.

Neurotransmitters

Chemicals released by nerve cells to transmit signals across a synapse to another nerve cell, muscle cell, or gland cell.

Synaptic Cleft

Space between the presynaptic and the postsynaptic membranes.