If the Price Elasticity of Demand for a Good Is

question 276

Multiple Choice

If the price elasticity of demand for a good is 1.5,then a 3 percent decrease in price results in a

• A) 0.5 percent increase in the quantity demanded.
• B) 2 percent increase in the quantity demanded.
• C) 4.5 percent increase in the quantity demanded.
• D) 5 percent increase in the quantity demanded.

---

Definitions:

Dominance Hierarchies

Social rankings within a group, determined by the outcomes of contests for resources or status.

Biological Component

Elements or aspects of an organism's existence that are determined by genetic information or influenced by physiological processes.

Aggression Control

The regulation or management of aggressive impulses or behaviors, often through techniques of emotional regulation, communication, and social skills development.

Aggression Limitation

Aggression limitation involves strategies and methods used to control, reduce or manage aggressive behaviors in individuals or groups.