If a 10 Percent Price Increase Causes the Quantity Demanded

question 36

True/False

If a 10 percent price increase causes the quantity demanded for a good to decrease by 10 percent, demand is unitary elastic.
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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, typically developed during infancy.

Secondary Circular Reactions

Repetitive actions in infants aged 4-8 months, centered around the infant's own body, demonstrating the beginning of intentionality.

Primary Circular Reactions

A concept in child development where an infant learns to reproduce an event that initially occurred by accident (e.g., sucking their thumb).

Centration

A cognitive limitation in early childhood, where a child focuses on one aspect of a situation while ignoring others.