If Demand for a Good Is Price Elastic, Then the Price

question 260

Multiple Choice

If demand for a good is price elastic, then the price elasticity will be:

• A) equal to one.
• B) equal to zero.
• C) greater than one.
• D) less than one.
• E) less than zero.

---

Definitions:

Chemical Synapse

A specialized junction through which neurons signal to each other and to non-neuronal cells, allowing ion or molecule movements that facilitate neurotransmission.

Presynaptic Terminal

The part of a neuron that releases neurotransmitters into the synaptic cleft to communicate with a neighboring neuron.

Postsynaptic Membrane

The term describes the part of a neuron that receives signals from another neuron at a synapse.

Synaptic Cleft

The synaptic cleft is the narrow gap between the terminal button of a neuron and the membrane of another neuron or muscle cell, through which neurotransmitters are released.