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:

Breathing Exercises

Breathing exercises involve intentional control of breath, aiming to improve mental and physical well-being by reducing stress, improving focus, and enhancing lung function.

Minutes

Units of time equal to 60 seconds, used to measure the duration of events.

Suffix

A letter or group of letters added at the end of a word to alter its meaning or form a new word.

Mature

Describes individuals or organisms that have reached a fully developed or advanced stage of growth or development.