The author of the passage most likely mentions basic economic models in order to
Excellent!
[[snippet]]The author tells us that, usually, demand is a function of price. However, when talking about price elasticity of demand, this general rule does not apply.
Incorrect.
[[snippet]]The author does not make any claims that either support or question the basic economic models.
Incorrect.
[[snippet]]The author does not make any claims that either support or question the basic economic models.
Incorrect.
[[snippet]]Although the author states that, in certain cases, price and demand are unrelated, this does not mean that this is true in all cases.
Incorrect.
[[snippet]]The author makes no judgments about people who study price elasticity of demand (or any economists at all).