Which of the Following Illustrates Elastic Demand

question 106

Multiple Choice

Which of the following illustrates elastic demand?

• A) a price elasticity of 1.0.
• B) A 5 percent increase in price causes a 10 percent decrease in quantity demanded.
• C) A 5 percent increase in price causes a 2.5 percent decrease in quantity demanded.
• D) A 10 percent increase in price causes a 10 percent reduction in quantity demanded.
• E) a price elasticity of 0.8.

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Definitions:

Diastereomer

Stereoisomers that are not mirror images of each other, differing in the spatial arrangement of atoms around one or more asymmetric centers.

Achiral

A term describing molecules that are superimposable on their mirror images, indicating they do not possess handedness or chirality.

Asymmetric Carbons

Carbon atoms bonded to four different groups, resulting in chirality and the potential for molecules to exist as enantiomers.

Enantiomers

Molecules that are mirror images of each other but cannot be superimposed, possessing opposite optical activities.