If the Price of a Good Decreases by 10% and the Quantity

question 132

Multiple Choice

If the price of a good decreases by 10% and the quantity demanded increases by 10%, then at that price, the good is

• A)elastic.
• B)inelastic.
• C)perfectly inelastic.
• D)unit elastic.

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Definitions:

Potential Advantages

Benefits or strengths that an organization or individual could exploit to achieve its objectives.

Nondirective Interviews

An interviewing technique where the interviewer asks open-ended questions, allowing the interviewee to guide the conversation.

Low Reliability

Low Reliability indicates a lack of consistency and dependability in performance or results, affecting trustworthiness and effectiveness.

Poor Validity

Refers to the lack of effectiveness of a measurement or test to accurately reflect the variable it is intended to measure.