The Elasticity of Demand for a Good Is -0

question 124

Multiple Choice

The elasticity of demand for a good is -0.75. A 4 percent increase in price will cause a:

• A) 3 percent decrease in quantity demanded.
• B) 5.33 percent increase in quantity demanded.
• C) 5.33 percent decrease in quantity demanded.
• D) 0.19 percent decrease in quantity demanded.

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Definitions:

Local Potential

Small changes in membrane potential that are localized and can lead to the generation of an action potential if threshold is reached.

Resting Membrane Potential

The electrical charge difference across the cell membrane when the cell is not conducting electrical signals, maintaining a negative charge inside relative to the outside.

Plasma Membrane

The biological membrane that separates the interior of all cells from the outside environment, controlling the passage of substances in and out of cells.

Pseudo-Unipolar Neurons

Neurons that have a single process extending from the cell body which divides into two branches: one connected to dendrites that receive sensory information and another to the spinal cord.