If the Price of a DVD Decreases by 50 Percent,the

question 2

Multiple Choice

If the price of a DVD decreases by 50 percent,the quantity demanded increases by 75 percent.The price elasticity of demand is:

• A) -1.5 and is inelastic.
• B) -1.5 and is elastic.
• C) -0.67 and is elastic.
• D) -0.67 and is inelastic.

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Definitions:

Network Services

Services provided by networked computers, such as email, file sharing, and internet access, typically relying on the TCP/IP protocol suite.

Hybrid Topology

Combining multiple topologies on one network.

Network

A collection of interconnected computers, servers, and other devices that can communicate and share data with each other.

Multiple Types

A term that refers to the existence or provision of various kinds or categories within a system or context.