If a 5 Percent Decrease in the Price of a Good

question 42

Multiple Choice

If a 5 percent decrease in the price of a good produces a 5 percent increase in the quantity demanded, the price elasticity of demand is:

• A) perfectly elastic.
• B) perfectly inelastic.
• C) elastic.
• D) inelastic.
• E) unitary elastic.

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Definitions:

Sexual Behavior

Refers to how individuals or groups express their sexuality, including physical, emotional, and social aspects.

Social Interactions

Exchanges between two or more individuals, involving communication or other forms of engagement.

Successful Long-term Relationships

Romantic partnerships characterized by mutual respect, love, and the ability to resolve conflicts constructively, lasting over a prolonged period.

Best Behavior

This term describes how individuals act in their most polite, courteous, or well-mannered way, typically in socially important situations.