Suppose Demand Can Be Written as Q = 5

question 32

Multiple Choice

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

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

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Definitions:

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The ability to remember or keep knowledge in one's memory over time.

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Online gatherings facilitated through video conferencing platforms, allowing participants to meet remotely.

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