Suppose That the Percentage Change in Demand Is 20%, the Price

question 249

Multiple Choice

Suppose that the percentage change in demand is 20%, the price elasticity of supply is 2, and the percentage change in the equilibrium price is 4%. What is the price elasticity of demand?

• A) 0
• B) 1
• C) 2
• D) 3

---

Definitions:

Interest in Land

Interest in land refers to any legal right or ownership claim to real property, including but not limited to ownership, usage, or leasehold interests.

In Vitro Fertilization

In vitro fertilization (IVF) is a medical procedure in which an egg is fertilized by sperm outside the body, with the resulting embryo then transferred to the uterus for pregnancy.

Parol Evidence Rule

A legal principle in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.

Scalisi et al. v. New York University Medical Center

A legal case, specifics of which should be consulted through legal databases or sources for accurate details.