If the Price Elasticity of Demand Is 1

question 84

Multiple Choice

If the price elasticity of demand is 1.5,regardless of which two points on the demand curve are used to compute the elasticity,then demand is

• A)perfectly inelastic,and the demand curve is vertical.
• B)elastic,and the demand curve is a straight,downward-sloping line.
• C)perfectly elastic,and the demand curve is horizontal.
• D)elastic,and the demand curve is something other than a straight,downward-sloping line.

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Definitions:

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Engine Rpm

Revolutions per minute of an engine, a measure of the engine's speed and a critical factor in power output and fuel consumption.

Delcotron Alternator

A specific brand of alternators, typically used in automotive applications, known for converting mechanical energy to electrical energy.

Specification Field

An area or domain that outlines and details the required standards, dimensions, and characteristics that a component, system, or process must meet.