You Are Giving an Educational Event for a Local Community

question 20

Multiple Choice

You are giving an educational event for a local community group. You have been asked to speak on risk factors for diseases of the peripheral arteries. What risk factors would you list? Select all that apply.

• A) Atherosclerosis
• B) Gender
• C) Diet
• D) Inactivity
• E) Diseases such as osteosarcoma

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a responsive market.

Inelastic

Describing a situation where a change in the price of a good or service has a relatively small effect on the quantity demanded or supplied.

Price Elasticity

The responsiveness of the quantity demanded or supplied of a good to a change in its price, commonly referred to in economics as price elasticity of demand or supply.

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price over a specified period.