Demand Is Said to Be Unit Elastic If Quantity Demanded

question 255

Multiple Choice

Demand is said to be unit elastic if quantity demanded

• A)changes by the same percent as the price.
• B)changes by a larger percent than the price.
• C)changes by a smaller percent than the price.
• D)does not respond to a change in price.

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Definitions:

Outer Bark

The external layer of the tree's bark, composed of dead cells, that serves as a protective layer against physical damage and disease.

Woody Plants

Woody plants are types of vegetation that develop hard, fibrous structural tissue called wood, used for support and water transport.

Periderm

A protective tissue in plants that replaces the epidermis in parts that undergo secondary growth, such as in tree bark.

Vessel Elements

Cylindrical plant cells that, along with tracheids, facilitate the transport of water and nutrients in plants.