A Unitary Elastic Demand Means That If the Percentage Change

question 4

Multiple Choice

A unitary elastic demand means that if the percentage change in price is _____, then the percentage change in quantity demanded is _____.

• A) 2%; 1%
• B) 5%; 5%
• C) 2%; 4%
• D) 5%; 0%

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Definitions:

Compound

A compound consisting of two or more elements that are chemically united in a constant ratio.

Line-Angle Formula

A simplified representation of organic molecules where lines represent bonds between atoms, and atom junctions or the ends of lines represent carbon atoms.

Skeletal Structure

A simplified organic chemistry diagram showing the bonding arrangement of atoms within a molecule without depicting hydrogen atoms.

Hydrogen Atoms

The simplest and most abundant type of chemical atom in the universe, consisting of one electron bound to a single proton.