Suppose a 10 Percent Increase in the Price of Textbooks

question 280

Multiple Choice

Suppose a 10 percent increase in the price of textbooks decreases the quantity demanded by 20 percent. The elasticity of demand for textbooks is

• A) 0.2.
• B) 2.0.
• C) 5.0.
• D) 10.0.

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Definitions:

Zygote

The initial cell formed when a sperm cell and an egg cell merge at conception, representing the earliest stage of human development.

Embryo

An embryo is an early stage of development in multicellular organisms, in humans, it specifically refers to the period from fertilization until the end of the eighth week of gestation.

Germinal

Pertains to the earliest stage of development in both plants and animals; in human embryology, it refers to the first two weeks of prenatal development.

Miscarriages

The spontaneous loss of a pregnancy before the 20th week, often due to natural causes related to fetal or maternal health issues.