If Elasticity for a Product Is 2 and Demand Increases

question 47

Multiple Choice

If elasticity for a product is 2 and demand increases by 10 percent,what was the percent price change for this product?

• A)an increase of 2 percent
• B)a decrease of 2 percent
• C)an increase of 10 percent
• D)a decrease of 5 percent
• E)an increase of 5 percent

Comprehend the influence of organizational structure on supply processes, internal relationships, and systems.

Acknowledge the role of standardization in lowering the total cost of ownership.

Identify factors influencing the supply's level in an organization.

Describe the objectives of supply to balance material flow and inventory investment.

---

Definitions:

EST's

Short for Empirically Supported Treatments, which refers to therapies that have been scientifically tested and proven to be effective.

Theoretical Orientation

The philosophical approach or school of thought that informs a therapist's understanding of client issues and methods of intervention.

Efficacious Treatments

Therapeutic interventions and procedures that have been proven through rigorous testing and research to be effective in curing or alleviating diseases or disorders.

EST's

Abbreviation for Empirically Supported Treatments; these are therapies scientifically proven to be effective for specific disorders.