If a 10% Decrease in Price for a Good Results

question 224

Multiple Choice

If a 10% decrease in price for a good results in a 20% increase in quantity demanded,the price elasticity of demand is

• A)0.50.
• B)1.
• C)1.5.
• D)2.

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Definitions:

Nation-States

Political entities consisting of a clearly defined territory and a government that has sovereignty over its internal and foreign affairs.

Disjunctures

Points of disruption or disconnection within societal systems or between personal expectations and reality.

Technoscapes

Refers to the global landscape of technology, emphasizing how technological flows across borders shape cultures and interactions.

Arjun Appadurai

An influential contemporary anthropologist known for his work on globalization, focusing on the cultural dynamics of technology, finance, and social theory.