Elasticity of Resource Demand Is Measured by Dividing "Percentage Change

question 211

True/False

Elasticity of resource demand is measured by dividing "percentage change in resource price" by "percentage change in resource quantity."

---

Definitions:

Potassium

A chemical element and essential nutrient important for various bodily functions, including nerve signal transmission and muscle contraction.

Sodium

A chemical element, represented by the symbol Na, essential for many bodily functions, including maintaining fluid balance.

Hyperparathyroidism

A condition marked by an overproduction of parathyroid hormone, leading to high calcium levels in the blood.

Elderly patient

A term referring to a patient of advanced age, typically considered to be 65 years old or older.