When the Demand Curve for a Good Is Unit Elastic

question 215

Multiple Choice

When the demand curve for a good is unit elastic, raising the price of the good by 25 percent will change the revenue of the firm by:

• A) 125 percent.
• B) 100 percent.
• C) 25 percent.
• D) 0 percent.

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Definitions:

Mass Spectrum

A graph or data set representing the distribution of ions by mass in a sample, used to determine the molecular mass and composition of a compound.

Base Peak

In mass spectrometry, this is the highest peak in a mass spectrum, representing the most abundant ion.

3,3-dimethyl-2-butanone

A ketone with a branched chain structure used in organic synthesis and various industrial applications.

Off Resonance Decoupled

A technique in NMR spectroscopy used to simplify spectral interpretation by selectively decoupling the spins of specific nuclei from their scalar coupling with others.