The Demand for a Product Is Unit Elastic

question 89

Multiple Choice

The demand for a product is unit elastic. At a price of $20, 10 units of a product are sold. If the price is increased to $40, what would one expect sales to equal?

• A) 0 units
• B) 5 units
• C) 10 units
• D) 20 units

---

Definitions:

Axis I

A classification found within the DSM-IV (Diagnostic and Statistical Manual of Mental Disorders, 4th Edition) that's used for reporting all the major psychological disorders, except personality disorders and developmental disorders.

Axis II

A categorization used in earlier versions of the Diagnostic and Statistical Manual of Mental Disorders (DSM) for personality disorders and intellectual disabilities.

Treatment Difficulty

The level of challenge associated with effectively managing or resolving a medical or psychological condition.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a manual published by the American Psychiatric Association that outlines mental health conditions.