Figure: the Demand for Notebook Computers

question 276

Essay

Figure: The Demand for Notebook Computers
(Figure: Demand for Notebook Computers) Look at the figure The Demand for Notebook Computers.The change in total revenue resulting from a change in price from P to T suggests that demand is:
A.inelastic.
B.price-elastic.
C.price-inelastic.
D.price unit-elastic.

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Definitions:

Chiefdoms

A form of hierarchical political organization in non-industrial societies usually based on kinship, and led by a chief.

Hereditary

Relating to characteristics, properties, or conditions that are passed from parents to their offspring through genes.

Natural Selection

The evolutionary process through which factors in the environment exert pressure, favoring some individuals over others to produce the next generation.

Combat

A situation where armed conflict or fighting occurs between entities such as nations, states, or other organized groups or between individuals.