menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 8
  4. Exam
    Exam 4: Demand: the Benefit Side of the Market
  5. Question
    If the Slope of the Demand Curve Is -0
Solved

If the Slope of the Demand Curve Is -0

Question 71

Question 71

Multiple Choice

If the slope of the demand curve is -0.167,price is $8 per unit and quantity demanded is 12 units,then demand for this good is


A) perfectly elastic.
B) elastic.
C) unit-elastic.
D) inelastic.
E) perfectly inelastic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q66: The demand for electricity has been found

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q68: The development of small satellite TV units

Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q72: John,Don,and Mary demand 5,7,and 3 cans of

Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q74: After subsistence levels of food,shelter,and clothing are

Q75: The total utility to a person from

Q76: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines