Answer the Question on the Basis of the Following Demand

question 203

Multiple Choice

Answer the question on the basis of the following demand schedule. The price elasticity of demand is unity

• A)throughout the entire price range, because the slope of the demand curve is constant.
• B)in the $4-$3 price range only.
• C)over the entire $3-$1 price range.
• D)over the entire $6-$4 price range.

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Definitions:

Benzodiazepines

A class of psychoactive drugs used to treat conditions such as anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA.

Drowsiness

A feeling of being lethargic and sleepy, which can affect concentration and performance in tasks.

Opioid Addiction

A chronic, relapsing disorder characterized by a compulsive need to use opioid drugs, despite harmful consequences.

Steady Increase

A consistent rise or growth in numbers or volume over a period of time.