If the Price Elasticity of Demand Is 0

question 46

Multiple Choice

If the price elasticity of demand is 0.5, then a 10 percent increase in price results in a

• A) 5 percent decrease in quantity demanded.
• B) 50 percent reduction in quantity demanded.
• C) 5 percent increase in quantity demanded.
• D) 0.5 percent decrease in quantity demanded.
• E) 5 percent decrease in total revenues.

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Definitions:

Electrical Jumper

A conductor used to close or bypass part of an electrical circuit or to connect two points together.

Line

In electrical contexts, "line" refers to a conductor or circuit that carries electric current from the power source to a load or from one part of a system to another.

Load Sides

Refers to connections or aspects of an electrical system that are downstream from the power supply and are responsible for drawing power.

Mechanical Overload

A condition where a machine or its components are subjected to forces beyond their design limits, potentially causing damage.