If the Price Elasticity of Demand for Food Is 0

question 140

Multiple Choice

If the price elasticity of demand for food is 0.03, then a 6 percent increase in the price of food will lead to a ________ decrease in quantity demanded.

• A)0.018 percent
• B)0.18 percent
• C)1.8 percent
• D)18 percent

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Definitions:

Prigg v. Pennsylvania

An 1842 Supreme Court case that held federal law superseded state law regarding fugitive slaves, undermining states' rights to enforce anti-slavery laws.

Atlantic Slave Trade

The forced transatlantic transportation of African slaves to the Americas from the 16th to the 19th centuries.

Federal Protection

Safeguards provided by a federal government to protect citizens, natural resources, or historical sites, often through legislation or law enforcement agencies.

Slave Labor

The coerced labor of individuals who are owned by others, a practice that was historically common in many parts of the world, including the United States until the 19th century.