【单选题】Demand is said to be elastic if
A.
the price of the good responds substantially to changes in demand.
B.
demand shifts substantially when income or the expected future price of the good changes.
C.
buyers do not respond much to changes in the price of the good.
D.
buyers respond substantially to changes in the price of the good.
【单选题】Demand is said to be inelastic if
A.
the quantity demanded changes only slightly when the price of the good changes.
B.
demand shifts only slightly when the price of the good changes.
C.
buyers respond substantially to changes in the price of the good.
D.
the price of the good responds only slightly to changes in demand.
【单选题】Demand is said to be elastic if
A.
the price of the good responds substantially to changes in demand.
B.
demand shifts substantially when the price of the good changes.
C.
buyers do not respond much to changes in the price of the good.
D.
the quantity demanded responds substantially to changes in the price of the good.
【单选题】Demand is said to be inelastic if
A.
buyers respond substantially to changes in the price of the good.
B.
demand shifts only slightly when the price of the good changes.
C.
the quantity demanded changes only slightly when the price of the good changes.
D.
the price of the good responds only slightly to changes in demand.
【单选题】You'll see sons who are making their fathers proud - not because they are star athletes, millionaires, or celebrities .