Demand Is Inelastic Only If

question 165

Multiple Choice

Demand is inelastic only if

• A)price elasticity has an absolute value of 1
• B)price elasticity has an absolute value greater than 1
• C)price elasticity has an absolute value less than 1
• D)price elasticity is negative
• E)consumers do not respond to a change in price

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Definitions:

Oropharynx

The oropharynx is the middle part of the throat that lies behind the mouth, serving as a pathway for food moving from the mouth to the esophagus and air moving to the larynx.

Nasopharynx

The upper part of the throat that lies behind the nose and above the soft palate, serving as a passageway for air from the nose to the throat and lungs.

Laryngopharynx

The region of the throat that connects the oropharynx above with the trachea and esophagus below, facilitating the passage of food and air.

Catabolism

The breakdown of complex molecules in living organisms to form simpler ones, often releasing energy.