If the Price Elasticity of Demand for a Good Is

question 9

Multiple Choice

If the price elasticity of demand for a good is 0.5,then a 5 percent increase in price results in a

• A)0.1 percent decrease in the quantity demanded.
• B)1 percent decrease in the quantity demanded.
• C)2.5 percent decrease in the quantity demanded.
• D)10 percent decrease in the quantity demanded.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Mestiza Identity

A cultural identity that embodies the mixture or hybridization of indigenous and Spanish or European heritage, particularly within Latin American contexts.

Gloria Anzaldúa

A scholar and author known for her work in chicana cultural theory, feminist theory, and queer theory.

Transnational Identities

Identities formed by individuals who navigate and incorporate aspects from multiple national contexts into their sense of self, reflecting globalization and migration influences.