When the Price of Peanut Butter Rises by 4 Percent,total

question 60

Multiple Choice

When the price of peanut butter rises by 4 percent,total revenue decreases by 8 percent.The demand for peanut butter is

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

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Definitions:

Servitude

A condition in which an individual lacks liberty and is forced to work for another person, often without pay.

Magnetic Domains

A section within a magnetic material where atoms are aligned to produce a north or south polarity.

Molecular Structure

The arrangement of atoms within a molecule that defines its chemical properties and physical behavior.

Magnetic Metals

Metals that are capable of being attracted by a magnet or can be magnetized, such as iron, nickel, and cobalt.