When the Price Elasticity of Demand Is Less Than 1

question 66

Multiple Choice

When the price elasticity of demand is less than 1, then marginal revenue is

• A)equal to 0.
• B)positive.
• C)negative.
• D)greater than 1.
• E)infinity.

---

Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Chemical Structure

The arrangement of atoms in a chemical substance and the chemical bonds that hold those atoms together, determining the substance's properties.

Sensory Adaptation

The process by which the sensitivity to a stimulus declines if the stimulus is presented for an extended period of time.

Stimulus

Any event or situation that evokes a response from an organism.