Unit Elastic Demand Means That the

question 208

Multiple Choice

Unit elastic demand means that the

• A) ratio of a change in the quantity demanded to a change in the price equals 1.
• B) ratio of a percentage change in the quantity demanded to a percentage change in the price equals 1.
• C) demand curve is vertical.
• D) demand curve is horizontal.

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Definitions:

Genetics

The scientific study of heredity and the variation of inherited characteristics.

Heredity

The passing of physical or mental characteristics genetically from one generation to another.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.

Behavioral Genetics

A field of study that examines the role of genetics and environmental influences on behaviors.