Demand for a Good Is Unit Elastic

question 32

Multiple Choice

Demand for a good is unit elastic.When price rises by 5 percent,total revenue

• A)increases by 5 percent.
• B)decreases by 5 percent.
• C)does not change.
• D)increases by more than 5 percent.
• E)decreases by more than 5 percent.

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Definitions:

Opisthotonos

A severe form of spasm in which the head and heels arch backward in extreme hyperextension, often associated with severe brain or spinal cord injuries.

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A numerical calculation using a person's weight and height to determine their overall body fat and health risk categories.

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A condition where an individual has more body weight than is considered healthy for their height, often measured by body mass index (BMI).