With a Price Elasticity of Demand of 0

question 140

Multiple Choice

With a price elasticity of demand of 0.45,when the price of soybeans falls by 10 percent,the quantity demanded of soybeans rises by approximately _____________ percent.

• A)4.50
• B)45.0
• C)0.45
• D)0.56

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Definitions:

Molecular Formula

A notation that uses chemical symbols and numbers to represent the types and quantities of atoms in a molecule.

Cyclooctane

Cyclooctane is a cyclic hydrocarbon with the molecular formula C8H16, featuring eight carbon atoms connected in a ring.

Organic Solvent

A solvent containing carbon that is used to dissolve other substances; it is an essential part of many chemical processes because it can dissolve many organic compounds.

Molecular Formula

A representation of the numbers and types of atoms present in a molecule, but not its structure.