If a 10 Percent Decrease in the Price of a Good

question 26

Multiple Choice

If a 10 percent decrease in the price of a good leads to a 20 percent increase in the quantity demanded, then what is the price elasticity of demand?

• A)0.5
• B)2
• C)10
• D)20

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An opening or vacancy for employment that offers a person the chance to work in a desired field or position.

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Individuals with whom one shares a bond of mutual affection, typically exclusive of sexual or family relations.

Major Social Trend

A significant pattern or change in behavior, attitudes, or values affecting a large portion of society over time.

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