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:

Health Promotion

Efforts or programs directed towards enhancing well-being and preventing health problems through education, community initiatives, and policies.

Health Policy

Decisions, plans, and actions that are undertaken to achieve specific healthcare goals within a society.

Morbidity and Mortality

Refers to the rates of disease occurrence and death in a population, respectively.

Risk Factors

Elements or conditions that increase the likelihood of developing a disease or injury.