If the Absolute Value of the Price Elasticity of Demand

question 173

Multiple Choice

If the absolute value of the price elasticity of demand for a good is 1.5, the good has a(n) :

• A) elastic demand.
• B) inelastic demand.
• C) unit elastic demand.
• D) unit inelastic demand.

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Definitions:

Jejunum

The mid-portion and the majority of the small intestine.

Small Intestine

A long, coiled tube where most of the digestion and absorption of nutrients from food takes place, extending from the stomach to the large intestine.

Protein

Essential nutrients required by the body for growth, repair, and maintenance of cells.

Trypsin

A pancreatic enzyme that digests proteins.