If the Price of a Product Increases by 5 Percent

question 217

Multiple Choice

If the price of a product increases by 5 percent and the quantity demanded decreases by 5 percent,then the elasticity of demand is

• A) 0.
• B) 1.
• C) indeterminate.
• D) 5.
• E) 25.

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Definitions:

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The lining of the inside of the cheeks and the back of the lips, inside the mouth where they touch the teeth.

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The practice of maintaining oral hygiene, including brushing, flossing, and dental check-ups, to prevent oral diseases.