If the Price of Hairbrushes Decreases by 20 Percent and the Quantity

question 94

Multiple Choice

If the price of hairbrushes decreases by 20 percent and the quantity of hairbrushes demanded increases by 2 percent, the price elasticity of demand is _____ and is _____.

• A) −0.1; elastic
• B) 10; elastic
• C) −0.1; inelastic
• D) 10; inelastic

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Definitions:

Fingernails

Hard, flat structures made of keratin at the tips of fingers, serving protective and functional purposes.

Turgor

The state of being swollen or distended, typically used to describe the elasticity of the skin as an indicator of hydration and health.

Dehydration

A condition resulting from excessive loss of body water, leading to imbalances in essential minerals and electrolytes.

Ptosis

The drooping or falling of the upper eyelid, which can be due to various causes including nerve damage, muscle diseases, or congenital conditions.