If a Demand Curve Is Unit Price Elastic Throughout, Then

question 35

Multiple Choice

If a demand curve is unit price elastic throughout, then a decrease in supply will result in:

• A) an increase in total revenue.
• B) a decrease in total revenue.
• C) no change in total revenue.
• D) a decrease in demand.

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Definitions:

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, feeling, etc.) towards the central nervous system.

ANS Neurons

Autonomic nervous system neurons are specialized cells that control involuntary body functions including heart rate, digestion, and respiratory rate.

Thoracic Nerves

Nerves originating from the thoracic region of the spinal cord, involved in controlling the muscles and sensation in the chest, abdomen, and parts of the back.

Filum Terminale

A slender filament of connective tissue that extends from the bottom of the spinal cord and anchors it within the vertebral column.