Figure 7-5 -Which of the Following Is True for the Demand Curve

question 66

Multiple Choice

Figure 7-5
-Which of the following is true for the demand curve depicted in Figure 7-5?

• A) In the $3 to $4 range, the price elasticity of the demand curve equals 1.
• B) At a price of $3, the price elasticity of the demand curve equals approximately −3.3.
• C) In the $3 to $4 range, the demand curve is inelastic.
• D) In the $3 to $4 range, the demand curve is elastic.

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Definitions:

Respiration Rate

The number of breaths an individual takes per minute, considered an essential vital sign in assessing physical health.

Sympathetic

Pertaining to or arising from the sympathetic nervous system, often described as promoting arousal and energy expenditure.

Parasympathetic

A component of the autonomic nervous system responsible for energy conservation, it decelerates the heart rate, enhances the activity of intestines and glands, and loosens the sphincter muscles.

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The study of the effects of psychological factors such as stress, emotions, thoughts, and behavior on the immune system.