If the Demand for a Good Is Unit Elastic

question 143

Multiple Choice

If the demand for a good is unit elastic

• A) a 5 percent increase in price results in a 5 percent increase in total revenue.
• B) a 5 percent increase in price results in a 5 percent decrease in total revenue.
• C) a 5 percent increase in price does not change total revenue.
• D) the demand curve is a straight line with slope of -1.

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Definitions:

Nonphotosynthetic

Organisms or cells that do not have the ability to convert light energy into chemical energy through photosynthesis.

Pigments

Substances that give color to tissues, cells, and materials by absorbing certain wavelengths of light and reflecting others.

Extracellular

Located or occurring outside a cell or cells, often referring to substances or fluids in the spaces between cells.

Signaling Molecules

Chemicals that are involved in transmitting information between cells, allowing for processes such as growth, immune response, and neurotransmission.