If a 20 Percent Decrease in the Price of Chicken

question 126

Multiple Choice

If a 20 percent decrease in the price of chicken results in a 10 percent increase in the quantity demanded,the price elasticity of demand has a value of

• A)0.5
• B)2
• C)1
• D)0.1
• E)none of these

---

Definitions:

Limited Food Supply

A condition in which the availability of food is restricted or not adequate to meet the demand of a population.

Accumulation of Waste

The build-up of unwanted materials or substances in an environment or organism, which can lead to toxicity or pollution.

Population Growth

The increase in the number of individuals in a population, influenced by factors such as birth rates, death rates, and migration.

Biotic Potential

The maximum reproductive capacity of an organism under optimal environmental conditions.