If a 1% Change in Price Leads to a 0

question 60

Multiple Choice

If a 1% change in price leads to a 0.5% change in quantity demanded,then elasticity of demand is

• A)0.5.
• B)1.0.
• C)1.5.
• D)5.

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Definitions:

Command Button Wizard

A tool in software development environments that guides users through the creation of command buttons, including their functions and linked procedures.

Option Buttons

Controls in a graphical user interface that allow users to select one option from a pre-defined set, often represented graphically as radio buttons.

Option Group

A set of related options within a user interface that allows users to select one of several choices.

Record Source

The data source or database table that provides the records for a form, report, or query in a database application.