If Demand Price Elasticity Measures 2, This Implies That Consumers

question 155

Multiple Choice

If demand price elasticity measures 2, this implies that consumers would

• A) buy twice as much of the product if the price drops 10 percent.
• B) require a 2 percent drop in price to increase their purchases by 1 percent.
• C) buy 2 percent more of the product in response to a 1 percent drop in price.
• D) require at least a $2 increase in price before showing any response to the price increase.
• E) buy twice as much of the product if the price drops 1 percent.

---

Definitions:

Mentally Disturbed

A term indicating that an individual may be experiencing disruptions in their mental health that affect their thinking, behavior, and emotions.

Emotionally Disturbed

Refers to individuals with significant emotional or behavioral disorders affecting their ability to learn.

Agitated

A state of nervousness or unrest, often characterized by increased movement or verbal activity.

Examination Room

A room specifically designed and equipped for healthcare providers to conduct medical examinations and consultations with patients.