When Demand Is Unit Elastic,price Elasticity of Demand Equals

question 285

Multiple Choice

When demand is unit elastic,price elasticity of demand equals

• A)1,and total revenue and price move in the same direction.
• B)1,and total revenue and price move in opposite directions.
• C)1,and total revenue does not change when price changes.
• D)0,and total revenue does not change when price changes.

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Definitions:

Limited Warranty

A warranty that provides coverage with certain conditions and limitations on the duration and scope.

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UCC

A complete array of regulations for all commercial activities in the United States is outlined by the Uniform Commercial Code (UCC).