A Relatively Flat Demand Curve Indicates That

question 25

Multiple Choice

A relatively flat demand curve indicates that

• A)quantity demanded will adjust only slightly to a price change.
• B)quantity demanded will adjust significantly to a price change.
• C)quantity demanded will not adjust to a price change.
• D)the change in quantity demanded will exactly equal a change in price.

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Definitions:

Advertising

A paid form of communication from an identifiable source, delivered through a communication channel, and designed to persuade the receiver to take some action, now or in the future.

Significance

The measure of importance or relevance of something, often used to determine the impact or value of research findings, events, or outcomes.

Food Deserts

Urban or rural areas with limited access to affordable and nutritious food, often resulting in negative health outcomes for residents.

Societal Issue

A problem that affects a significant portion of society and is often debated or requires intervention.