Demand Is Unit Elastic Whenever _____

question 6

Multiple Choice

Demand is unit elastic whenever _____

• A)price elasticity has an absolute value of 1.
• B)price elasticity has an absolute value greater than 1.
• C)price elasticity has an absolute value less than 1.
• D)price elasticity is negative.
• E)consumers do not respond to a change in price.

Identify the legal consequences of non-disclosure and silence in the context of fiduciary duties or special relationships.

Discern the significance of arm's length transactions and how they relate to contract obligations and fairness.

Understand the concept of scienter and its importance in establishing fraud.

Differentiate between mistakes in contract terms and how they affect contract enforceability.

---

Definitions:

Behavior

The visible reactions or behaviors of humans or animals.

Pragmatic

Focused on practical solutions and real-world issues rather than theoretical considerations.

Gross Motor Skills

Refers to the abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Spatial Tasks

Tasks that involve the ability to perceive, analyze, and manipulate objects in one's environment or in spatial imagery.