If the Price Elasticity Is Between 0 and 1, Demand

question 44

Multiple Choice

If the price elasticity is between 0 and 1, demand is

• A) unit elastic.
• B) inelastic.
• C) elastic.
• D) perfectly elastic.

---

Definitions:

Steroid Hormones

A class of hormones synthesized from cholesterol, involved in a wide range of physiological processes including the regulation of metabolism, immune response, and sexual characteristics.

Incentive Sensitization

A theory that explains how and why addiction develops, suggesting repeated exposure to an addictive substance can make the brain more sensitive to its rewarding effects.

Addiction

A compulsive engagement in rewarding stimuli despite adverse consequences, often related to substance use or certain behaviors.

Sensitivity

The capacity of an organism or system to respond to stimuli or changes in its environment.