When Quantity Moves Proportionately the Same Amount as Price,demand Is

question 87

Multiple Choice

When quantity moves proportionately the same amount as price,demand is

• A)elastic,and the price elasticity of demand is 1.
• B)perfectly elastic,and the price elasticity of demand is infinitely large.
• C)perfectly inelastic,and the price elasticity of demand is 0.
• D)unit elastic,and the price elasticity of demand is 1.

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Definitions:

Physical Problems

Physical problems refer to any type of health issue or condition that affects the body's ability to function normally.

Problem Solving Techniques

Methods or approaches used to address problems and find effective solutions.

Solution

A homogeneous mixture of two or more substances in which the solute is completely dissolved in the solvent.

Communist Economic System

An economic model where all means of production are owned by the community as a whole, aiming for a classless society where goods are distributed based on need.