If the Price Elasticity of Demand for Clean Sheets Laundry

question 53

Multiple Choice

If the price elasticity of demand for Clean Sheets laundry detergent is 0.50, a 2 percent increase in the price will lead to which of the following?

• A)a 0.50 percent increase in quantity
• B)a 0.50 percent decrease in quantity
• C)a 1 percent increase in quantity
• D)a 1 percent decrease in quantity

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Definitions:

Capacitive Reactance

The opposition that a capacitor offers to alternating current, depending on the frequency of the current and the capacitor's value, measured in ohms.

Capacitive Reactance

The measure of the opposition that a capacitor presents to alternating current, due to the electric field created in the capacitor.

Ammeter

An instrument for measuring the flow of electric current in amperes.

Supply

The provision of electrical power to a system, device, or network.