If a 5 Percent Change in the Price of a Good

question 263

Multiple Choice

If a 5 percent change in the price of a good elicited a 5 percent change in the quantity demanded of the good, we would say that over this range of prices the good has a(n)

• A) elastic demand.
• B) inelastic demand.
• C) perfectly elastic demand.
• D) unit elasticity of demand.

Recognize the role of macro practice in social work and its significance in large-scale social change.

Understand the ethical considerations and standards in social work practice, especially in advocacy and resource development efforts.

Analyze the use of theories and frameworks to address social problems, inequality, and oppression.

Understand the significance of social justice and empowerment in advancing agendas for social and economic change.

---

Definitions:

Gross Primary Productivity

The total rate at which an ecosystem's producers, like plants, convert solar energy into chemical energy in the form of biomass.

Photosynthesis

A method by which plants and other organisms transform light energy, often from the sun, into chemical energy that can subsequently be utilized to power the organism's functions.

Third Trophic Level

The level in an ecosystem's food chain occupied by secondary consumers, which eat primary consumers.

Herbivore

An animal that feeds on plants or algae. Also called primary consumer.