If the Demand Curve for a Good Always Has Unitary

question 67

Multiple Choice

If the demand curve for a good always has unitary price elasticity,what does this imply about consumer behavior?

• A) Consumers do not react to a price change.
• B) Consumers will spend a constant total amount on the good.
• C) Consumers are irrational.
• D) Consumers do not obey the Law of Demand.

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Definitions:

In Vitro Fertilization

A medical procedure whereby an egg is fertilized by sperm in a lab dish, after which the embryo is transferred to a uterus.

Insemination

The intentional introduction of sperm into a female's reproductive tract for the purpose of achieving pregnancy through means other than sexual intercourse.

Embryo Transferred

A step in the in vitro fertilization process where a fertilized egg, or embryo, is placed into a woman's uterus with the goal of establishing a successful pregnancy.

Second-Stage Labor

The phase of labor during childbirth when the woman actively pushes to help the baby move down the birth canal.