If a Firm Lowered the Price of the Product It

question 236

Multiple Choice

If a firm lowered the price of the product it sells and found that total revenue did not change, then the demand for its product is

• A)perfectly inelastic.
• B)perfectly elastic.
• C)unit elastic.
• D)relatively elastic.

---

Definitions:

Neurons

Specialized cells of the nervous system that transmit information throughout the body via electrical and chemical signals.

Action Potential

A temporary shift in the electrical charge of a neuron's membrane, leading to the transmission of a nerve impulse.

Electrical Signal

The transmission of information through neurons or other cells using changes in voltage or electric current.

Axon

The long, slender projection of a neuron that conducts electrical impulses away from the neuron's cell body towards other neurons or muscles.