If Price Elasticity of Demand Is 1

question 15

Multiple Choice

If price elasticity of demand is 1.0,demand for the commodity is

• A) of unitary elasticity.
• B) price postelastic.
• C) price elastic.
• D) price inelastic.
• E) price preelastic.

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Definitions:

Piaget

A Swiss psychologist known for his developmental stage theory that describes how children's cognitive abilities evolve.

Postconventional Moral Reasoning

The highest stage in Kohlberg's moral development theory, where individuals make decisions based on universal ethical principles.

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Physical features that emerge during puberty but are not directly involved in reproduction, such as breast development in females and facial hair growth in males.

Germinal Stage

The initial stage of human development that occurs in the first two weeks after conception, involving rapid cell division and the beginning of cell differentiation.