Demand Is Unit Elastic Whenever

question 115

Multiple Choice

Demand is unit elastic whenever

• A)price elasticity has an absolute value of 1
• B)price elasticity has an absolute value greater than 1
• C)price elasticity has an absolute value less than 1
• D)price elasticity is negative
• E)consumers always respond to a one-dollar change in price by decreasing their quantity demanded by one unit

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Definitions:

Apical Pulse

The heart rate as measured at the apex of the heart, usually detected through a stethoscope placed on the chest's left side under the breast.

Respiratory Rate

The number of breaths taken per minute, an important vital sign in assessing respiratory and overall health.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, a critical indicator of cardiovascular health.

Carbon Monoxide

Colorless, odorless, poisonous gas produced by the combustion of carbon or organic fuels.