If Price Decreases by 10 Percent and Quantity Demanded Increases

question 307

Multiple Choice

If price decreases by 10 percent and quantity demanded increases by 30 percent, the price elasticity of demand will be

• A) 0.333.
• B) 3.
• C) 30.
• D) 300.

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Definitions:

Array Declared

The process of defining an array and specifying its size or type in a program, initial step before it can be used.

Global Scope

The area in a program where a variable or function is accessible from any point in the code after its declaration.

Global Arrays

Arrays that are declared outside all functions and are accessible from any point in a program.

Global Arrays

Global arrays are arrays that are declared outside of any function or class and can be accessed and modified from any part of the program.