The Concept That Explains to What Degree Price Changes When

question 153

Multiple Choice

The concept that explains to what degree price changes when there is a shift in demand, other things being equal, is

• A)income elasticity of demand.
• B)price elasticity of demand.
• C)price elasticity of supply.
• D)cost elasticity of supply.
• E)cross-price elasticity of demand.

---

Definitions:

Mortality Rates

A measure of the frequency of occurrence of death in a defined population during a specified time period.

Heart Disease

A broad term for any condition affecting the heart, including coronary artery disease, heart attacks, congestive heart failure, and others, leading to impairment or failure of heart function.

Cardiovascular Risk Factor

Any attribute, characteristic, or exposure that increases the likelihood of developing cardiovascular disease, including factors like smoking, high blood pressure, and obesity.

High-Fat Diet

A diet that consists of a high proportion of fats, often exceeding the generally recommended intake levels for health.