Use the Following Scenario

question 11

Multiple Choice

use the following scenario.You are a consultant and have been employed by Urban General, a large inner-city hospital, to estimate the demand for its services.Your research indicates that the income elasticity of demand for the target market is +0.50; the price elasticity of demand is -0.15; and the cross-price elasticity of demand with respect to the price of services at St.Elsewhere, a near-by hospital, is +0.35.Answer the following questions.
-The price of services at Urban General falls by 10 percent.

• A)Quantity demanded at Urban General increases by 15.0 percent.
• B)Quantity demanded at Urban General increases by 1.5 percent.
• C)Quantity demanded at St.Elsewhere rises by 3.5 percent.
• D)Quantity demanded at St.Elsewhere falls by 5.0 percent.
• E)Quantity demanded at Urban General rises by 5.0 percent.

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Definitions:

Presynaptic Inhibition

Presynaptic Inhibition is a mechanism where the release of neurotransmitters from a neuron is decreased, modulating neural activity and preventing overstimulation.

Pain Signals

Neural transmissions that convey the sensation of pain from the peripheral nervous system to the central nervous system.

Neuron

A specialized cell transmitting nerve impulses; a basic building block of the nervous system.

Dendrites

are the branched extensions of a neuron that receive signals from other neurons.