If the Price of the IPhone X Falls by 3

question 137

Multiple Choice

If the price of the iPhone X falls by 3 percent and the price elasticity of demand for iPhone X is 2.0,then quantity demanded will fall by what percentage?

• A)5 percent.
• B)6 percent.
• C)0.6 percent.
• D)60 percent.

---

Definitions:

Demographic Information

Refers to statistical data related to the characteristics of a population, such as age, gender, income, and education.

Indirect Order

A request or instruction not communicated directly, often implied or hinted at through context or dialogue.

We-Viewpoint

A communication perspective that emphasizes inclusivity and collective interest by using pronouns such as "we" and "us."

Direct Order

A command or instruction given clearly and explicitly, leaving no room for ambiguity or choice.