A Unit Elastic Demand

question 27

Multiple Choice

A unit elastic demand

• A)means that the ratio of a change in quantity demanded to a change in price is equal to 1.
• B)means that the ratio of a percentage change in quantity demanded to a percentage change in price is equal to 1.
• C)means that the ratio of a change in price to a change in quantity demanded is equal to 1.
• D)is illustrated by a horizontal demand curve.
• E)is illustrated by a vertical demand curve.

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Definitions:

Anorexia Nervosa

An eating disorder characterized by excessive fear of becoming fat and therefore restricting energy intake to obtain a significantly low body weight.

Bulimia Nervosa

An eating disorder characterized by dieting, binge eating, and purging.

Guilty

Feeling responsible or remorseful for a perceived wrong or crime.

Calories

Units of energy typically used to measure the energy content of foods and beverages, important in diet and metabolism.