If the Elasticity of Demand for Tongue Depressors Is 0

question 128

Multiple Choice

If the elasticity of demand for tongue depressors is 0.5,

• A)a 10% rise in the price of tongue depressors will lower quantity demanded by 50%.
• B)an increase in the price of tongue depressors will lower total revenue for sellers.
• C)a 10% increase in the price of tongue depressors will not change its total revenue.
• D)a 10% fall in the price of tongue depressors will raise quantity demanded by 5%.

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Definitions:

Somnambulism

The medical term for sleepwalking, a phenomenon where a person walks or performs other complex behaviors while in a state of sleep.

REM Behavior Disorder

A sleep disorder where people physically act out vivid, often unpleasant dreams with vocal sounds and sudden, violent arm and leg movements during REM sleep stages.

Sleep Apnea

A disorder in which a person, while asleep, stops breathing because the throat closes; the condition results in frequent awakenings during the night.

Hypnosis

A state of heightened focus and concentration, often with increased suggestibility, typically induced by a hypnotist.