If the Price Elasticity of Demand Is 2,then a 1

question 37

Multiple Choice

If the price elasticity of demand is 2,then a 1 percent fall in price

• A)doubles the quantity demanded.
• B)decreases the quantity demanded by half.
• C)increases the quantity demanded by 2 percent.
• D)decreases the quantity demanded by 2 percent.
• E)increases the quantity demanded by 0.5 percent.

---

Definitions:

Direct Approach

A communication style that involves stating the main point or objective at the beginning, often used in clear and straightforward situations.

Indirect Approach

A communication strategy that involves presenting information in a less straightforward manner, often used to soften the delivery of sensitive or complex messages.

Businesspeople

Individuals engaged in commercial, industrial, or professional activities, aiming to achieve economic or organizational goals.

Direct Approach

A communication strategy that involves straightforwardly presenting the main point or purpose at the beginning.