To Ensure That We Get the Same Result for Price

question 176

Multiple Choice

To ensure that we get the same result for price elasticity no matter which direction we move on the demand curve, we must take the average of the

• A)initial price and the initial quantity demanded and the average of the new price and the new quantity demanded
• B)new price and the initial quantity demanded and the average of the new quantity demanded and the initial price
• C)initial price and the new price and the average of the initial quantity demanded and the new quantity demanded
• D)initial price and the new price only
• E)new quantity demanded and the initial quantity demanded only

---

Definitions:

Transform Fault

A geological fault where the movement of the Earth's crust is predominantly horizontal, often leading to earthquakes in these regions.

Subduction Zone

A region of the Earth's crust where one tectonic plate moves under another, often associated with volcanic activity and earthquakes.

Ethics Officer

A professional responsible for fostering a culture of ethical conduct within an organization, including developing policies, training, and advice on ethics and compliance issues.

Ethics Standards

Guidelines or codes designed to set out acceptable behaviors and help individuals make moral decisions in their personal and professional lives, aiming to uphold integrity and honesty.