If the Price Elasticity of Demand Is 1

question 69

Multiple Choice

If the price elasticity of demand is 1.5,and the prices gone up by 20 percent,the quantity sold will,ceteris paribus:

• A) Rise by 13.3 percent.
• B) Fall by 13.3 percent.
• C) Rise by 30.0 percent.
• D)Fall by 30.0 percent.

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Definitions:

Type D Personality

A personality type characterized by high levels of stress and negativity, often linked to adverse cardiovascular outcomes.

Psychotherapy

The treatment of mental disorder by psychological rather than medical means, involving conversation and interaction between a therapist and a client.

Non-Type D

Referring to individuals who do not exhibit a distressed personality type characterized by negativity, pessimism, and social inhibition.

Type A Personality

A personality type that is hardworking, scheduled, and impatient.