A Value of the Absolute Price Elasticity of Demand Equal

question 412

Multiple Choice

A value of the absolute price elasticity of demand equal to 0.6 indicates that

• A) a 6 percent increase in price leads to a 10 percent decrease in quantity demanded.
• B) a 10 percent increase in price leads to a 6 percent decrease in quantity demanded.
• C) a 0.6 percent increase in price leads to a 1 percent decrease in quantity demanded.
• D) a 1 percent increase in price leads to a 6 percent decrease in quantity demanded.

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Definitions:

Exercise

Physical activities purposely engaged in to improve health and fitness, such as jogging, swimming, or lifting weights.

Borg Scale

A numerical scale that quantifies the intensity of exercise or perceived exertion, helping individuals to gauge and regulate their physical activity level.

Exercise Intensity

The level of demand that a given activity places on the body.

High-intensity

Describes exercises or activities that require a substantial amount of effort and energy in a short period.