If the Demand for Ptyalin Is Unit Elastic, Then

question 87

Multiple Choice

If the demand for ptyalin is unit elastic, then

• A)total revenue decreases as quantity demanded increases
• B)total revenue increases as quantity demanded increases
• C)total revenue increases as price increases
• D)total revenue remains constant as price increases
• E)total revenue decreases as price increases

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Definitions:

Resource Extraction

The process of retrieving natural resources from the earth, such as minerals, oil, and gas, for human use.

Weak Property Rights

A situation where the legal protections and enforcement mechanisms for ensuring ownership and control over property are inadequate or not effectively implemented.

Renewable Resources

Natural resources that can be replenished naturally over time, such as sunlight, wind, and water.

Harvest Rates

The proportion or quantity of crops or natural resources gathered within a specific period, often influenced by seasonal or environmental conditions.