For a Given Shift in Demand, the Less Elastic Is

question 31

Multiple Choice

For a given shift in demand, the less elastic is supply, the

• A)greater is the shift in demand.
• B)greater is the change in equilibrium quantity.
• C)smaller is the shift in demand.
• D)greater is the change in price.
• E)smaller is the change in price.

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Definitions:

Functionality

The range of operations and tasks that a system, device, or program is designed to perform; essentially, what something does or how it works.

Burn In

Burn In is a process of testing new hardware devices under continuous operation to identify defects or failures.

Ghost Image

A burn-in; an image seen on a display screen when an LCD or a plasma display has been left on for too long.

Screen Pixels

The smallest units of a digital display that comprise the visible image, each capable of displaying a specific color.