Demand Is Said to Be Inelastic If the

question 213

Multiple Choice

Demand is said to be inelastic if the

• A)quantity demanded changes proportionately more than price.
• B)price changes proportionately more than income.
• C)quantity demanded changes proportionately less than price.
• D)quantity demanded changes proportionately the same as price.

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Definitions:

Behavioral Pattern

refers to the observable, recurrent ways in which individuals act or respond to specific situations or stimuli.

Hypertension

A medical condition also known as high blood pressure, characterized by the sustained elevation of blood pressure in the arteries.

Diabetes

A group of diseases that result in too much sugar in the blood, characterized by the body's inability to produce or use insulin effectively.

Cholesterol

A waxy, fat-like substance found in the blood and cells of the body, essential for the formation of cells, certain hormones, and vitamin D.