If the Price Elasticity of Demand for Good a Is

question 68

Multiple Choice

If the price elasticity of demand for Good A is -0.2 and the price increases from $2.25 to $2.75,the percentage change in the quantity demanded of Good A is

• A) -100 percent.
• B) 100 percent.
• C) 4.0 percent
• D) -4.0 percent.
• E) unknown because not enough information is provided.

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Definitions:

Triglycerides

A type of fat found in the blood, used as a source of energy, with high levels associated with an increased risk of heart disease.

Store Energy

The process of conserving energy in the form of fat, glycogen, or other substances within the body for future use.

Hydroxyl Ions

Negatively charged ions made of oxygen and hydrogen (OH-), which play a critical role in chemical reactions involving water.

Inferior and Superior

Terms used to describe the relative positions in anatomy, where "inferior" indicates a location towards the feet and "superior" indicates a location towards the head.