Which Type of Spreadsheet Cell Represents the Left Hand Sides

question 10

Multiple Choice

Which type of spreadsheet cell represents the left hand sides (LHS) formulas in an LP model?

• A) Target or set cell
• B) Changing variable cell
• C) Constraint cell
• D) Constant cell

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Definitions:

Price Elastic

Refers to how sensitive the demand for a product is to changes in its price; high elasticity indicates demand significantly changes with price adjustments.

Price Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Price Volatile

Referring to how quickly and to what extent the price of a commodity or asset can change within a short period of time.

Elastic

Describes a situation in economics where the demand or supply of a good or service is sensitive to changes in price.