If a Demand Curve Is a Straight Downward Sloping Line

question 99

Multiple Choice

If a demand curve is a straight downward sloping line, demand is

• A)unit elastic.
• B)elastic.
• C)inelastic.
• D)perfectly inelastic.
• E)There is not enough information to answer the question.

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Definitions:

Higher Authority

A position of power or control above others, often within an organizational or governmental structure.

Referent Power

Referent power is a form of influence based on the charismatic appeal or personal attraction of the power-holder, leading others to identify with or seek approval from the individual.

Kelman's Sequence

A theory of social influence which outlines three processes through which attitudes can change: compliance, identification, and internalization.

Compliance

The tendency to agree to do things requested by others, often to fit in with societal expectations or demands.