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.

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Definitions:

Arrogance

An attitude of superiority manifested in an overbearing manner or in presumptuous claims or assumptions.

Vulnerable Narcissist

A type of narcissism characterized by sensitivity to criticism and a fragile self-esteem hidden beneath a superficial self-confidence.

Narcissist Subtype

Variants within narcissism that display specific patterns of behavior or attributes, such as overt, covert, or malignant narcissism.

Histrionic Personality Disorder

Sharing features with borderline personality disorder, including rapidly shifting emotions and intense, unstable relationships, people with this disorder also behave in ways to draw attention to themselves across situations.