If the Demand Curve for a Good Always Has Unitary

question 67

Multiple Choice

If the demand curve for a good always has unitary price elasticity,what does this imply about consumer behavior?

• A) Consumers do not react to a price change.
• B) Consumers will spend a constant total amount on the good.
• C) Consumers are irrational.
• D) Consumers do not obey the Law of Demand.

---

Definitions:

Buying Their First House

The process by which individuals or families purchase their initial residence, often involving financial planning, market research, and legal transactions.

Cross-Sectional Research

An observational study variant that evaluates data from a population, or a representative sample, at a particular moment.

Longitudinal

A study design that involves repeated observations of the same variables over short or long periods of time.

Case Study

Study of one individual in great detail.