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.

---

Definitions:

Reaction Rate

The rate at which substances transform into different substances during a chemical process.

Balanced Equation

A chemical equation where the number of atoms for each element is the same on both the reactant and product sides.

HCl Loss

A chemical process or reaction that results in the removal or release of hydrochloric acid (HCl) from a compound or mixture.

NaCl Formation

The process of creating sodium chloride, commonly known as table salt, through the chemical reaction of sodium and chlorine.