Answer the Question on the Basis of the Following Demand

question 14

Multiple Choice

Answer the question on the basis of the following demand schedule: $\begin{array}{l}\begin{array}{ccc}&\text { Quantity }\\\underline{\text { Price} } & \underline{\text { Demanded}} \\ \$6 & 1 \\5 & 2 \\4 & 3 \\3 & 4 \\2 & 5 \\1 & 6\end{array}\end{array}$ Refer to the data.Which of the following is correct?

• A) Although the slope of the demand curve is constant,price elasticity declines as we move from high to low price ranges.
• B) Although the slope of the demand curve is constant,price elasticity increases as we move from high to low price ranges.
• C) Although the demand curve is convex to the origin,price elasticity of demand is constant throughout.
• D) A steep slope means demand is inelastic;a flat slope means demand is elastic.

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Definitions:

Brain

The organ in the head that controls thought, memory, feelings, and activity.

fNIRS

Functional Near-Infrared Spectroscopy, a neuroimaging method used to measure brain activity based on hemodynamic responses.

Resting-State fMRIs

A functional magnetic resonance imaging technique for measuring brain activity by detecting changes associated with blood flow when the subject is not performing any tasks.

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