Suppose Demand Can Be Written as P = 5

question 2

Multiple Choice

Suppose demand can be written as P = 5.The elasticity of demand is)

• A) increasing as price rises.
• B) decreasing as price rises.
• C) constant regardless of prices and perfectly elastic.
• D) constant regardless of prices and unit elastic.

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Definitions:

Acoustic

Pertaining to sound or the sense of hearing.

Decibel

A unit of measurement used to express the intensity of sound or the power level of an electrical signal by comparing it with a given level on a logarithmic scale.

Myringotomy

A surgical procedure to create an opening in the eardrum to drain fluid or relieve pressure.

Otoplasty

A surgical procedure to change the shape, position, or size of the ears.