Unit Elastic Demand Occurs When

question 94

Multiple Choice

Unit elastic demand occurs when

• A)a one-unit increase in price leads to a one-unit decrease in quantity demanded
• B)a 1% increase in price leads to a one-unit decrease in quantity demanded
• C)price elasticity of demand is positive
• D)price elasticity of demand is exactly zero
• E)price elasticity of demand is exactly -1

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Definitions:

Cohesion

The extent to which members of a group or social unit feel connected and remain united in pursuit of common goals and objectives.

Cohesive Groups

A rephrased definition for Cohesiveness, emphasizing groups in which members possess strong bonds, leading to increased group solidarity and loyalty.

Nonhierarchical

Lacking a structured order or ranking among components or members, promoting equal standing or decentralization.

Structured

Organized in a systematic or planned manner, often referring to settings or processes.