If the Price of Hand Calculators Falls from $10 to $9

question 347

Multiple Choice

If the price of hand calculators falls from $10 to $9 and, as a result, the quantity demanded increases from 100 to 125, then

• A)demand is price elastic.
• B)demand is price inelastic.
• C)demand is unit elastic with respect to price.
• D)not enough information is given to make a statement about elasticity.

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Definitions:

Amyotrophic Lateral Sclerosis

A progressive neurodegenerative disease affecting motor neurons, leading to muscle weakness and atrophy.

Multiple Sclerosis

An autoimmune disorder where the body's immune system attacks the protective sheath (myelin) of nerve fibers, causing communication problems between the brain and the rest of the body.

End Plate

On a muscle, the receptor–ion complex that is activated by the release of the neurotransmitter acetylcholine from the terminal of a motor neuron.

Muscle Membrane

The semipermeable membrane surrounding muscle cells or fibers, essential for muscle contraction and signaling.