Assume That the Price Elasticity of Demand for Petrol Is

question 151

Multiple Choice

Assume that the price elasticity of demand for petrol is -0.06.If a government tax causes the price of petrol to increase by 50 per cent,what will be the decrease in the quantity of petrol demanded?

• A) 0.5 per cent
• B) 3.0 per cent
• C) 8.33 per cent
• D) 50 per cent

---

Definitions:

Stigmas

Negative labels or stereotypes assigned to individuals or groups that are deemed to deviate from societal norms.

Social Networking Sites

Online platforms where individuals can interact, share content, and create an online community.

Back Region

A term in sociology that describes areas where individuals can relax and be themselves, away from the front region where they perform roles under social scrutiny.

Impression Management

Strategies used by individuals to influence perceptions of themselves by others, often to increase social standing or approval.