If a 6% Decrease in Price for a Good Results

question 111

Multiple Choice

If a 6% decrease in price for a good results in a 2% increase in quantity demanded,the price elasticity of demand is

• A)0.02.
• B)0.33.
• C)3.
• D)4.

---

Definitions:

Impostor

An individual who deceitfully pretends to be someone else in order to gain a benefit or deceive others.

Restrictive Indorsement

A condition placed on the transfer of a negotiable instrument that limits its use or payment to a specific purpose or party.

Converted

Refers to the change of something from one form or function to another, such as converting securities into another type of financial asset.

Negligent

Failing to take proper care in doing something, which results in harm or damage to someone or something.