When Demand Is Unit Elastic,price Elasticity of Demand

question 351

Multiple Choice

When demand is unit elastic,price elasticity of demand

• A) equals 1,and total revenue and price move in the same direction.
• B) equals 1,and total revenue and price move in opposite directions.
• C) equals 1,and total revenue does not change when price changes.
• D) equals 0,and total revenue does not change when price changes.

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Definitions:

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted from generation to generation through language, material objects, ritual, institutions, and art.

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Culture-Bound Syndrome

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The study of diseases and the changes that they cause in the structure and function of body organs and tissues.