If the price elasticity of demand is greater than 1, then consumer demand is
A) unrelated to the elasticity of demand.
B) inelastic.
C) elastic.
D) unitary elastic.
C
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All of the following are mentioned in a unitization contract between two oil well owners, EXCEPT:
a. how many wells each party owns. b. where the wells can be located. c. when the wells can be operated. d. total investment made by each party in the oil well.
The efficient markets theory of stock prices, implies that
a. mutual funds are the best means of investing in the stock market b. it's better not to invest in the stock market at all c. you should only invest in the stock market if you have inside information d. you should alter your portfolio frequently to keep up with the quick movements of the market e. you can do as well on the stock market as an expert, even if you pick your stocks randomly