If the Price Elasticity of Demand Is 2,then a 1

question 37

Multiple Choice

If the price elasticity of demand is 2,then a 1 percent fall in price

• A)doubles the quantity demanded.
• B)decreases the quantity demanded by half.
• C)increases the quantity demanded by 2 percent.
• D)decreases the quantity demanded by 2 percent.
• E)increases the quantity demanded by 0.5 percent.

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Definitions:

Superior Mesenteric Vein

A vein in the abdomen that drains blood from the small intestine, ascending colon, and transverse colon into the portal vein.

Inferior Mesenteric Vein

A vein that drains blood from the lower part of the large intestine and rectum into the portal vein.

Gastrosplenic Vein

A blood vessel that carries blood from the stomach and spleen towards the heart.

Inferior Phrenic Vein

Veins that drain blood from the diaphragm into the inferior vena cava or the left suprarenal vein.