If a Demand Curve Is a Straight Downward Sloping Line

question 99

Multiple Choice

If a demand curve is a straight downward sloping line, demand is

• A)unit elastic.
• B)elastic.
• C)inelastic.
• D)perfectly inelastic.
• E)There is not enough information to answer the question.

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Definitions:

Z-score

A statistical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

T-score

is a type of standardized score that indicates how many standard deviations an individual's score is from the mean of a norm group.

Percentile

A percentile is a statistical measure indicating the value below which a given percentage of observations in a group of observations falls.

Mode

A measure of central tendency that represents the score with the greatest frequency in a distribution.