If the Percentage Increase in Price Is 15 Percent and the Value

question 184

Multiple Choice

If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded

• A)will increase by 45 percent.
• B)will increase by 5 percent.
• C)will decrease by 45 percent.
• D)will decrease by 5 percent.

---

Definitions:

Acute Infectious Disease

A rapidly developing infection caused by bacteria, viruses, fungi, or parasites, characterized by symptoms that are severe but often brief in duration.

False Membrane

A thick layer of fibrous tissue that forms over a mucous membrane surface as a result of inflammation or injury.

Gauge

The size of a needle bore; the smaller the number, the larger the needle bore.

Needle Bore

The internal diameter of a needle, affecting the flow rate of injected or withdrawn fluids.