If the Price Increases Two Percent and the Quantity Demanded

question 61

Multiple Choice

If the price increases two percent and the quantity demanded decreases two percent, then the good is:

• A) Inelastic
• B) Elastic
• C) Unitary elastic
• D) Not enough information to know

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Definitions:

Role Strain

The stress or tension experienced by an individual when facing competing demands or expectations in their social roles.

Respite Care

Short-term health services to dependent older adults either in their home or in an institutional setting.

Direct Care

This is the aspect of healthcare that involves the hands-on provision of treatments or interventions directly to patients by healthcare professionals.

Urinary Infection

A bacterial infection that affects the urinary system, including the bladder, kidneys, and urethra, often resulting in pain and urgency in urination.