The Demand for a Product Is Unit Elastic

question 45

Multiple Choice

The demand for a product is unit elastic. At a price of $20, 10 units of a product are sold. If the price is increased to $40, then one would expect sales to equal:

• A) 20 units.
• B) 10 units.
• C) 5 units.
• D) 0 units.

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Definitions:

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Platforms and communities where individuals interact, share, and engage with content and each other online, but also a concept in sociology referring to the structure of relationships and connections among individuals or organizations.

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Workforce strategies that involve employees in the decision-making processes of an organization, aiming to increase job satisfaction and organizational performance.

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