If a 1% Change in Price Leads to a 2

question 230

Multiple Choice

If a 1% change in price leads to a 2% change in quantity demanded,then the elasticity of demand is

• A)0.5.
• B)1.0.
• C)1.5.
• D)2.0.

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Definitions:

Provider's Schedule

The planned timetable detailing the availability and appointment slots of a healthcare provider or professional.

Evening Hours

The period of time from late afternoon until night, generally seen as a time of relaxation or leisure activities.

Flexibility

The quality of being able to bend easily without breaking; adaptability or willingness to change.

Medical Facility

An establishment that provides medical examinations, treatments, and other healthcare services.