Demand Is Said to Have Unit Elasticity If the Price

question 137

Multiple Choice

Demand is said to have unit elasticity if the price elasticity of demand is

• A)less than 1.
• B)greater than 1.
• C)equal to 1.
• D)equal to 0.

---

Definitions:

Physiological Responses

The body's automatic reactions to a stimulus, involving processes such as heart rate, respiration, and hormone secretion.

Major Depression

A psychiatric condition involving a constant sense of melancholy or disinterest in activities, resulting in major difficulties in everyday life.

Symptoms

Signs or indications of a condition or disease as experienced by the patient, often leading to a diagnosis.

Inappropriate Sexual Behavior

Actions of a sexual nature that are considered unacceptable or taboo within the social, cultural, or legal context.