If Demand Is Unit Elastic, Revenue

question 161

Multiple Choice

If demand is unit elastic, revenue

• A)and price rise and fall together.
• B)rises as price falls.
• C)falls as price rises.
• D)remains constant as price rises or falls.

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Definitions:

Securely Attached

A type of attachment style where individuals feel confident and are able to form meaningful and stable relationships.

Caregivers

Individuals who provide care for another person, typically a family member or loved one, who might be in need due to illness, disability, or age.

Interaction

The process by which two or more entities (people, organizations, or substances) influence or have an effect on each other.

Paid Leave

Time off from work, provided by an employer, during which an employee is compensated. Common forms include vacation, sickness, and parental leave.