Answer the Question on the Basis of the Following Demand

question 80

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.The price elasticity of demand is unity:

• A) throughout the entire price range because the slope of the demand curve is constant.
• B) in the $4-$3 price range only.
• C) over the entire $3-$1 price range.
• D) over the entire $6-$4 price range.

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Definitions:

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Edible organs from chickens, often cooked and eaten as food, rich in nutrients like iron and vitamin A.

Bed

A piece of furniture typically used for sleeping and resting, consisting of a mattress and frame.

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In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Conditioned Stimulus

An initially impartial stimulus which, upon association with an unconditioned stimulus, gradually brings about a conditioned response.