If the Slope of a Demand Curve Is Equal to -0.1

question 179

Multiple Choice

If the slope of a demand curve is equal to -0.1 then

• A)demand is inelastic.
• B)we don't know whether the demand is elastic or inelastic.
• C)the demand is elastic at low prices and inelastic at high prices.
• D)as price increases by 10 percent quantity demanded decreases by 1 percent.

---

Definitions:

Contact Lens

Thin lenses placed directly on the surface of the eyes to correct visual impairments or for cosmetic reasons.

Storage Solution

A method or product designed to organize, preserve, and protect items during storage.

Tap Water

Water supplied to a tap, which is generally intended for drinking, cooking, and daily usage, coming from a community's water supply.

Peripheral Neuropathy

A condition resulting from damage to the peripheral nerves, leading to symptoms like numbness, tingling, muscle weakness, and pain, often in the hands and feet.