Which of the Following 'Benefit' of Plastic Is Also a Common

question 41

Multiple Choice

Which of the following 'benefit' of plastic is also a common drawback to plastics?

• A) It can have highly variable properties.
• B) It is inexpensive.
• C) It is lightweight.
• D) It is extremely durable and resists decomposition.
• E) All of the above.

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Definitions:

Perfectly Inelastic

A market condition where the quantity demanded or supplied does not change despite changes in price.

Demand Curve

The demand curve is a graphical representation that displays the relationship between the price of a good or service and the quantity demanded by consumers at varying price levels.

Unitary Elasticity

A situation in which the quantity demanded or supplied of a good changes by the same percentage as the change in price.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period, typically showing a downward slope.