To Keep the Percentage Change in Quantity Demanded Equally Proportional

question 54

Multiple Choice

To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5%,a consumer would need to ________ quantity demanded by ________.

• A) increase; 5%
• B) decrease; 5%
• C) increase; 10%
• D) decrease; 10%
• E) increase; 2%

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Definitions:

Parallelism

The use of components in a sentence that are grammatically the same or similar in construction, sound, meaning, or meter.

Background Check

The process of looking into a person's or organization's history to verify credentials or assess the reliability and integrity.

Credit History

A record of a borrower's responsible repayment of debts.

Experience

The knowledge or skill obtained from involvement in or exposure to events.