Demand Is Said to Be Unit Elastic If Quantity Demanded

question 255

Multiple Choice

Demand is said to be unit elastic if quantity demanded

• A)changes by the same percent as the price.
• B)changes by a larger percent than the price.
• C)changes by a smaller percent than the price.
• D)does not respond to a change in price.

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Definitions:

Primary Audience

The main group or segment of people for whom a piece of communication, product, or service is specifically intended.

Secondary Audience

An indirect group of readers or viewers who may not be the primary target but still interact with or are affected by the content.

Channels

Refers to the mediums through which information is communicated, such as email, social media, and meetings.

Gatekeeper

An individual or entity that controls access to something, often information or resources, within an organization or system.