Figure 6-5 -If the Demand Curve for a Good Is Unit Elastic

question 69

Multiple Choice

Figure 6-5
-If the demand curve for a good is unit elastic, then total expenditure will _____ as the price of the good decreases.

• A)remain constant
• B)fall
• C)rise
• D)go to zero

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Definitions:

Defensive Strategy

A corporate social responsibility strategy that does the minimum legally required to display social responsibility.

Economic Responsibilities

refer to the obligations of businesses and organizations to pursue strategies that enhance their profitability within the confines of the law.

Legal Responsibilities

Obligations under the law that individuals or organizations must adhere to.

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, aiming to balance the interests of stakeholders.