A Straight-Line Demand Curve with Negative Slope Intersects the Horizontal

question 35

Multiple Choice

A straight-line demand curve with negative slope intersects the horizontal axis at 100 tons per week. At the midpoint on the demand curve (corresponding to 50 tons per week) the price elasticity of demand is

• A) 0.
• B) 0.5.
• C) 1.0.
• D) unknown without more information.

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Definitions:

Caudal

Relating to the tail or posterior part of the body.

Axillary Border

The edge of the scapula closest to the armpit, significant in anatomy for muscle attachment.

Infraspinatus

A thick triangular muscle located on the back of the shoulder blade (scapula) which is responsible for the lateral rotation of the arm at the shoulder.

Teres Major

A muscle of the upper limb that acts on the shoulder joint, assisting in the rotation and adduction of the arm.