If a Product's Price Rises by 6% and Its Quantity

question 368

Multiple Choice

If a product's price rises by 6% and its quantity demanded falls by 8%, then its elasticity is equal to

• A) 0.75.
• B) 1.33.
• C) 2.00.
• D) 6.00.

---

Definitions:

Adaptive Immunity

A component of the immune system that involves the creation of antibodies and memory cells to provide long-term immunity against pathogens.

Efferent Lymphatic Vessels

Vessels that carry lymph away from lymph nodes towards the heart or larger lymphatic vessels, aiding in immune response and fluid balance.

Afferent Lymphatic Vessels

Vessels that carry lymph towards the lymph nodes, playing a key role in the immune response by transporting antigens.

Cortical Sinuses

Specialized vascular channels found in the spleen's cortex that aid in filtering the blood and immune response modulation.