If the Price Elasticity of Demand Is Greater Than 1

question 205

Multiple Choice

If the price elasticity of demand is greater than 1, then consumer demand is

• A) unrelated to the elasticity of demand.
• B) inelastic.
• C) elastic.
• D) unitary elastic.

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Definitions:

Hypersensitivity

An exaggerated or inappropriate immune response to a foreign substance.

Harmless Substance

A material or compound that is not likely to cause injury, damage, or disease.

Partial Thromboplastin Time

A blood test that measures how long it takes blood to clot, used to assess bleeding disorders or the effects of blood-thinning medications.

PT

Short for physical therapy, a type of treatment aimed at helping patients regain or improve their physical abilities.