If = 150,and Price Decreases by 20 Percent,then

question 53

Multiple Choice

If = 1.50,and price decreases by 20 percent,then:

• A)quantity demanded will decrease by 30 percent.
• B)quantity demanded will increase by 30 percent.
• C)total revenue will remain unchanged.
• D)total revenue will decrease.
• E)quantity demanded will increase by 3 percent.

---

Definitions:

Heart Disease

A range of conditions affecting the heart, including coronary artery disease, arrhythmias, and congenital heart defects.

Alcohol Dependency Syndrome

A medical condition characterized by a compulsive need to consume alcohol, leading to significant physical, psychological, and social impairments.

Personal Awareness

The conscious knowledge of one’s own character, feelings, motives, and desires, which can influence behavior and interactions.

Self-evaluation

The process of examining and judging one's own performance, behavior, or qualities.