If the Percentage Change in Price Is 10 Per Cent

question 115

Multiple Choice

If the percentage change in price is 10 per cent and demand is elastic, then the percentage change in the quantity demanded

• A) is larger than 10 per cent.
• B) equals 10 per cent.
• C) equals 0 per cent.
• D) is greater than 0 per cent but less than 10 per cent.
• E) More information is needed to determine the magnitude of the change in the quantity demanded.

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Definitions:

Equal Sign

In programming, used as an operator to assign a value to a variable.

Valid C Expression

A combination of literals, variables, operators, and function calls that the C compiler can evaluate to a value.

Assignment Statement

An instruction that assigns a value to a variable, changing the variable's current value.

Amount + 1892

"Amount + 1892" appears to be an arithmetic expression that adds 1892 to the given amount.