When demand is elastic,
A. the percentage change in price is greater than the percentage change in quantity demanded.
B. price increases raise total revenue.
C. the buyer is sensitive to changes in price.
D. the elasticity coefficient is greater than zero, but less than one.
C. the buyer is sensitive to changes in price.
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What will be an ideal response?
A deductible is the
A. amount of covered expense that an individual will have to pay before the insurance company pays anything. B. percentage of a covered expense that an individual will have to pay. C. amount of covered expense that an insurance company will have to pay before the individual pays anything. D. percentage of a covered expense that an insurance company will have to pay.