Assume the Price of a Good Is $1 and Total

question 297

Multiple Choice

Assume the price of a good is $1 and total revenue is $200. If the price of the same good increases to $2 and total revenue increases to $400, you know that the demand for the product is

• A) elastic.
• B) inelastic.
• C) unitary.
• D) perfectly inelastic.

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Definitions:

Antibodies

Proteins produced by the immune system to identify and neutralize foreign objects such as bacteria and viruses.

IgA Antibodies

Immunoglobulin A (IgA) antibodies are a type of antibody that play a crucial role in the immune function of mucous membranes, protecting against infections at mucosal surfaces.

Saliva

A watery secretion from the salivary glands in the mouth, aiding in digestion and oral lubrication.

Lymph

A clear fluid that circulates throughout the lymphatic system, carrying white blood cells and supporting the body's immune system.