If the Price Elasticity of Demand Is 0

question 70

Multiple Choice

If the price elasticity of demand is 0.6,then a 10 percent increase in the price of the good will lead to a ________ in the quantity demanded.

• A)6 percent increase
• B)6 percent decrease
• C)0.6 percent increase
• D)0.6 percent decrease

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Definitions:

Centigrade

A temperature scale also known as Celsius, where 0 degrees is the freezing point of water and 100 degrees is the boiling point at standard atmospheric pressure.

Fahrenheit

A temperature scale where water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Fifth Vital Sign

Often refers to pain level as an additional vital sign to temperature, pulse, respiration, and blood pressure, emphasizing its importance in patient assessments.

Pain Scale

A tool used by healthcare providers to help assess a patient's pain intensity or changes in pain.