When Demand Is Unit Elastic, a Change in Price Will

question 111

Multiple Choice

When demand is unit elastic, a change in price will cause

• A) a change in total revenue in the same direction.
• B) a change in total revenue in the opposite direction.
• C) no change in total revenue.
• D) a change in total revenue in either direction depending on whether the price is increasing or decreasing.

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Definitions:

Sodium

A chemical element (Na) that is a highly reactive metal and an essential nutrient for human health, particularly in nerve function and fluid balance.

Action Potentials

Short-lasting events in which the electrical membrane potential of a cell rapidly rises and falls.

Terminal Buttons

The small knobs at the end of an axon that release chemicals into the synapse to transmit signals to other neurons.

Glial Cells

Glial cells, also known as glia, are supportive cells in the nervous system that do not conduct nerve impulses but are critical for the support, nourishment, and protection of neurons.