When Demand Is Unitary Elastic,a Change in Price Will Leave

question 5

Multiple Choice

When demand is unitary elastic,a change in price will leave expenditures on the commodity___________.

• A)unchanged
• B)at a greater value
• C)at a lower value
• D)none of the above

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Definitions:

Form Tolerances

The allowable variations in the shape and appearance of manufactured parts.

Straightness

The measure of how closely a line or feature aligns with a true straight line, often evaluated to ensure precision in manufactured parts.

Circularity

The degree to which a form or surface approaches a perfect circle, often a crucial factor in precision engineering.

Angularity

A condition of having a specified angle or orientation in relation to a datum or reference plane, used in precision manufacturing and machining.