If the Price of Orange Juice Rises 10%,and as a Result

question 76

Multiple Choice

If the price of orange juice rises 10%,and as a result the quantity demanded falls by 10%,then one can conclude that the demand for orange juice

• A) is perfectly elastic.
• B) is inelastic.
• C) has a unitary elasticity.
• D) has a constant elasticity.

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Definitions:

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Tenskwatawa, known as the Shawnee Prophet, was a Native American leader of the Shawnee Nation and a prominent figure in leading resistance against American expansion in the early 19th century.

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A large country in North America known for its vast landscapes, multicultural society, and bilingual English-French heritage, operating as a parliamentary democracy and a constitutional monarchy.