If the percentage change in the quantity demanded is not zero but is less than the percentage change in the price, demand is

A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
E) perfectly inelastic.

B

Economics

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If the central bank did not follow the Taylor principle, an increase in inflation would lead to ________

A) a decrease in the nominal interest rate B) an increase in inflation C) a decrease in aggregate expenditure D) all of the above E) none of the above

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Foreign individuals and institutions held about what percentage of the public debt in 2015?

A. 11 percent B. 41 percent C. 34 percent D. 26 percent

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