Unit-Elastic Demand Occurs When _____

question 100

Multiple Choice

Unit-elastic demand occurs when _____

• A)a one-unit increase in price leads to a one-unit decrease in quantity demanded.
• B)a 1 percent increase in price leads to a one-unit decrease in quantity demanded.
• C)the price elasticity of demand is negative.
• D)the price elasticity of demand is exactly zero.
• E)the price elasticity of demand is exactly 1.

Understand the significance of protecting groundwater and the strategies to prevent its pollution.

Recognize the impact of human activities on marine ecosystems and strategies to mitigate these impacts.

Compare and contrast the sources and effects of oceanic and freshwater pollution.

Understand the principles of accounting for contingent liabilities and how they are reported.