If the Price Elasticity of Demand Is 1

question 84

Multiple Choice

If the price elasticity of demand is 1.5,regardless of which two points on the demand curve are used to compute the elasticity,then demand is

• A)perfectly inelastic,and the demand curve is vertical.
• B)elastic,and the demand curve is a straight,downward-sloping line.
• C)perfectly elastic,and the demand curve is horizontal.
• D)elastic,and the demand curve is something other than a straight,downward-sloping line.

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Definitions:

Suicide Rates

The frequency at which individuals intentionally take their own lives, often measured per 100,000 individuals in a given population annually.

Bipolar Disorder

A psychiatric condition identified by significant highs and lows in emotional states, ranging from manic or hypomanic episodes to periods of depression.

Schizophrenia

A chronic psychological disorder characterized by a disconnection among cognition, affect, and conduct, resulting in distorted perceptions and unsuitable behaviors.

Pessimistic Explanatory Style

A mental approach where individuals habitually attribute negative events to personal, permanent, and pervasive causes.