What Would Be the Absolute Value of the Elasticity If

question 22

Multiple Choice

What would be the absolute value of the elasticity if demand is unit elastic

• A)less than 1
• B)greater than 1
• C)equal to 1
• D)equal to 0

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Definitions:

Interrogatories

Written questions sent by one party to another in a lawsuit, which must be answered in writing and under oath.

Discovery

A process of information gathering that takes place before a civil trial.

Amount in Controversy

The Amount in Controversy is the monetary value involved in a lawsuit that must be met or exceeded for a court to have jurisdiction.

Motion to Dismiss

A legal filing requesting that a case be thrown out or dismissed without further hearing, often due to lack of legal basis or jurisdiction.