If a 2 Per Cent Change in Price Leads to a ________

question 43

Multiple Choice

If a 2 per cent change in price leads to a ________ per cent change in the quantity demanded, then demand is ________.

• A) 3; inelastic
• B) 2; elastic
• C) 0; perfectly elastic
• D) 1; inelastic
• E) 1; unit elastic

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Definitions:

Training Regimes

Training regimes refer to structured programs or schedules designed to enhance performance, skill, or fitness through systematic practice and exercises.

Middle Distance Runners

Athletes who specialize in running races of intermediate lengths, typically ranging from 800 meters to 3000 meters.

800 Metres

A middle-distance track event in athletics consisting of two laps around a standard 400-metre track.

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A condition where one has trouble either getting to sleep or remaining asleep, known as a sleep disorder.