The List Below Refers to the Price Elasticity of Demand

question 139

Multiple Choice

The list below refers to the price elasticity of demand.
1) perfectly inelastic
2) perfectly elastic
3) unitary elasticity
4) elastic
5) inelastic
-Refer to the information above to answer this question.What is a demand when a change in quantity leaves total revenue unchanged?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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Construct Validity

The extent to which a test or instrument accurately measures the theoretical construct it is intended to measure.