If the Price of a Good Decreases by 5% and the Quantity

question 30

Multiple Choice

If the price of a good decreases by 5% and the quantity demanded remains unchanged, then at that price, the good is

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

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Definitions:

Diagnosis Code

Alphanumeric codes that healthcare providers use to classify and record diseases, symptoms, and medical conditions.

Tuberculosis

A potentially serious infectious disease that primarily affects the lungs and is caused by the bacterium Mycobacterium tuberculosis.

Positive

Affirmative in attitude or quality; indicative of the presence of a particular condition, substance, or feature.

Poliomyelitis

An infectious viral disease that affects the nervous system, potentially leading to paralysis.