If a Change in the Price of a Good Causes

question 107

True/False

If a change in the price of a good causes an equal change in the quantity demanded, the demand for the good is unit elastic.

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Definitions:

Ledger Accounts

Accounts recorded in a ledger, representing a record of the financial transactions by type, whether it's assets, liabilities, equity, income, or expenses.

Cash Distribution

The payment of earnings or capital to shareholders, partners, or owners in the form of cash.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts in two columns, debit and credit, ensuring that the total debits equal total credits.

Ledger

A compilation or record of financial transactions kept in a book or collection of accounts.