Dividing the Percentage Change in Quantity Demanded by the Percentage

question 40

Multiple Choice

Dividing the percentage change in quantity demanded by the percentage change in price gives the

• A) prestige demand curve.
• B) breakeven point.
• C) marginal cost curve.
• D) price sensitivity curve.
• E) price elasticity of demand.

---

Definitions:

Compound

A substance made up of two or more different elements that are chemically bonded together in a fixed ratio.

Common Name

The simplified, non-scientific name of a chemical substance or organism that is generally known and used.

Compound

A substance made up of two or more different elements chemically bonded together in a fixed ratio.

Mutually Exclusive

Two events that cannot happen at the same time in a given experiment or situation.