Exhibit 5-6 Use the Table Below to Answer the Following

question 209

Multiple Choice

Exhibit 5-6 Use the table below to answer the following question(s) .
Refer to Exhibit 5-6. Between 2003 and 2008, the general level of prices increased by approximately:

• A)16.7 percent.
• B)33.3 percent.
• C)66.7 percent.
• D)133.3 percent.

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Definitions:

Drug Interdiction

The policy or practice of preventing illegal drugs from being trafficked and distributed.

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price, meaning that price variations have little effect on the quantity demanded or supplied.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, with relatively large changes in demand for small changes in price.

Revenue

The total amount of money generated by the sale of goods or services before any costs or expenses are deducted.