The Demand for a Good Is Unitary Elastic with Respect

question 53

Multiple Choice

The demand for a good is unitary elastic with respect to price if the price elasticity of demand is:

• A)equal to one.
• B)greater than one.
• C)less than one.
• D)greater than negative one.

---

Definitions:

Human Beings

Members of the species Homo sapiens, characterized by their ability to think, communicate, and create culture.

Jigsaw Classroom

A cooperative learning technique where students are divided into small groups, each assigned a different piece of information or a task, which they must then share with their group to solve a problem or complete a project.

Increased Liking

A phenomenon where repeated exposure to a person, object, or concept leads to a more favorable evaluation of it.

Self-esteem

The assessment or evaluation of one's own worth or value.