If the Percentage Change in Quantity Demanded of a Good

question 96

Multiple Choice

If the percentage change in quantity demanded of a good is greater than the percentage change in price that caused it,then demand for the good is _____.

• A)inelastic
• B)relatively elastic
• C)unit-elastic
• D)perfectly inelastic
• E)perfectly elastic

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Learn the impact of feedback on employee relationships and performance.

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Definitions:

Expression

A combination of numbers, variables, operators, and sometimes parentheses that represents a value or quantity.

Decimal Notation

A way of expressing numbers that uses a decimal point to separate the whole part from the fractional part.

Expression

A combination of symbols and numbers that represent a mathematical operation or relation.

Difference

The result of subtracting one number from another, or the operation of subtraction itself.