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.

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Definitions:

Calendar

A system of organizing days for social, religious, commercial, or administrative purposes, often based on lunar, solar, or lunisolar cycles.

Interdependence

A relationship between entities where each is mutually dependent on the other, often found in ecological systems, economies, and social relationships.

Vulnerability

The susceptibility of a system, entity, or individual to harm or damage when exposed to a hazardous agent or situation.

Infectious Diseases

Illnesses caused by organisms such as bacteria, viruses, fungi, or parasites, that can be spread, directly or indirectly, from one person to another.