If the Slope of a Demand Curve Is Equal to -0.1

question 179

Multiple Choice

If the slope of a demand curve is equal to -0.1 then

• A)demand is inelastic.
• B)we don't know whether the demand is elastic or inelastic.
• C)the demand is elastic at low prices and inelastic at high prices.
• D)as price increases by 10 percent quantity demanded decreases by 1 percent.

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Definitions:

Bromodiiodomethane

A halogenated methanol compound with the formula CH2BrI2, often used in organic synthesis and as a dense fluid for mineral separation.

Necessary Reagents

Specific chemicals required to carry out a particular chemical reaction.

Acid-Catalyzed Halogenation

A chemical reaction where a halogen is introduced into an organic molecule with the aid of an acid catalyst.

Major Organic Product

The main product formed in greater abundance during an organic reaction, compared to other possible products.