If a 2 Percent Change in Price Leads to a ________

question 190

Multiple Choice

If a 2 percent change in price leads to a ________ percent change in the quantity demanded,then demand is ________.

• A) 2; elastic
• B) 1; unit elastic
• C) 3; inelastic
• D) 1; inelastic
• E) 0; perfectly elastic

---

Definitions:

Wear-And-Tear Theory

A view of aging as a process by which the human body wears out because of the passage of time and exposure to environmental stressors.

Hayflick Limit

The maximum number of times a normal human cell population can divide until division stops, attributed to cellular aging.

Genetic Clock

A mechanism within organisms that regulates timing of biological functions and aging, often influenced by genetic and environmental factors.

Genetic

Relating to genes or heredity, often used to describe traits or conditions that are passed from parents to offspring through DNA.