If the Demand for a Good Is Unit Elastic, Then

question 169

Multiple Choice

If the demand for a good is unit elastic, then

• A)the percentage change in quantity demanded is greater than the percentage change in price.
• B)the percentage change in quantity demanded is less than the percentage change in price.
• C)the percentage change in quantity demanded is equal to the percentage change in price.
• D)quantity demanded is extremely responsive to changes in price.
• E)quantity demanded is not responsive to changes in price.

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Definitions:

Sexism

Prejudice and discrimination based on gender.

Cognitive Categorization

A process in which the mind quickly sorts information into categories to function efficiently.

Psychoanalytic Tool

Techniques derived from psychoanalysis used to explore and understand the unconscious mind, motivations, and psychological conflicts.

Male Chauvinism

A belief or behavior of male superiority, often manifesting in discrimination or bias against women.