Consider a Demand Curve That Has a Constant Elasticity Value

question 174

Multiple Choice

Consider a demand curve that has a constant elasticity value of 0.What happens to quantity demanded and total revenue when price increases?

• A)The quantity demanded and total revenue remain the same.
• B)The quantity demanded does not change but total revenue increases.
• C)The quantity demanded and total revenue fall to zero.
• D)The quantity demanded does not change but total revenue decreases.

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Definitions:

Medulla Oblongata

A part of the brainstem crucial for controlling autonomic functions such as breathing, heart rate, and blood pressure.

Ethmoid Bone

A spongy, cubical bone at the root of the nose that separates the nasal cavity from the brain, part of the cranium.

Olfactory Bulbs

Structures located at the base of the brain's frontal lobes, involved in the processing of odors.

Cribriform Plate

A sievelike structure between the anterior cranial fossa and the nasal cavity, forming part of the ethmoid bone.