When the Price of a Good Increased by 5 Percent

question 13

Multiple Choice

When the price of a good increased by 5 percent, the quantity demanded of it decreased 10 percent. The price elasticity of demand is ________. A price rise will ________ total revenue.

• A)2.0; decrease
• B)0.5; decrease
• C)2.0; increase
• D)0.5; increase
• E)-2.0; decrease

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Definitions:

Diaphysis

The shaft or central part of a long bone.

Epiphyseal Lines

The remnants of the epiphyseal plate (growth plate) in long bones, indicating where bone growth occurred.

Articular Cartilage

A creamy, white covering on the ends of bones at junctions, designed to lower friction and absorb impact.

Epiphysis

The end part of a long bone, which is initially growing separately from the shaft.