If the Elasticity of Demand for Good a Is -3,a

question 37

Multiple Choice

If the elasticity of demand for Good A is -3,a 33 percent decrease in quantity demanded of Good A results from a(n) ________ in the price of Good A.

• A) 99 percent decrease
• B) 99 percent increase
• C) 11 percent decrease
• D) 11 percent increase
• E) 33 percent decrease

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Definitions:

Brain and Spinal Cord

Central components of the nervous system, with the brain responsible for processing information and the spinal cord for transmitting information to and from the brain.

Efferent Neurons

Nerve cells that carry neural impulses away from the central nervous system toward muscles or glands to trigger a response or action.

Afferent Neurons

Sensory neurons that relay information from the sense organs toward the brain.

Nerve Impulses

The electrical signals that travel along the nerves, enabling communication between the brain and the rest of the body.