If the Slope of the Demand Curve Is -1

question 23

Multiple Choice

If the slope of the demand curve is -1.4,price is $5 per unit,and quantity demanded is 13 units,the price elasticity of demand is

• A) 0.27.
• B) 0.38.
• C) 1.4.
• D) 1.8.
• E) 2.6.

---

Definitions:

Depositions

Formal statements or testimonies taken under oath outside of court, used as evidence in legal proceedings.

Attorneys

Legal professionals who are licensed to practice law, advise and represent clients in legal matters, and may act as both advocates and advisors in court.

FRCP 33

A rule under the Federal Rules of Civil Procedure that governs the use of interrogatories in gathering information during lawsuits.

Interrogatories

Written questions formally posed by one party to another in a lawsuit, requiring the answering party to provide written answers under oath.