In General, a Flatter Demand Curve Is More Likely to Be

question 45

Multiple Choice

In general, a flatter demand curve is more likely to be

• A) price elastic.
• B) unit price elastic.
• C) income elastic
• D) price inelastic.

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Definitions:

Product

In biochemistry, a product is a substance that is formed as the result of a chemical reaction.

Active Sites

The region on an enzyme where substrate molecules bind and undergo a chemical reaction.

Energy of Activation

The minimum quantity of energy that the reacting species must possess in order to undergo a specified reaction.

Coenzymes

Organic non-protein molecules that bind to enzymes and are essential for their catalyst activity.