Technically the Elasticity Number Is Negative Because

question 45

Multiple Choice

Technically the elasticity number is negative because

• A) When price falls quantity demanded will rise, but for simplicity economists take the absolute value of the elasticity number.
• B) When price falls quantity demanded will fall, but for simplicity economists take the absolute value of the elasticity number.
• C) When price rises quantity demanded will rise, but for simplicity economists take the absolute value of the elasticity number.
• D) The demand curve is always upward-sloping.

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Definitions:

SA Node

The sinoatrial node, known as the heart's natural pacemaker, responsible for initiating the electrical impulses that dictate heart rate.

AV Node

A specialized part of the heart's electrical system, acting as a gateway between the atria and ventricles, controlling the heart rate.

Bicuspid Valve

Also known as the mitral valve, it controls blood flow between the left atrium and left ventricle in the heart.

Mitral Valve

A valve in the heart that lies between the left atrium and left ventricle, controlling blood flow.