A 10 Percent Increase in the Price of Portable Power

question 160

Multiple Choice

A 10 percent increase in the price of portable power banks leads to a 5 percent decrease in the quantity demanded of portable power banks. The absolute price elasticity of demand is

• A) 3.
• B) 0.33.
• C) 0.5.
• D) 2.

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Definitions:

Vagus Nerve Stimulation

A treatment procedure for depression in which an implanted pulse generator sends regular electrical signals to a person’s vagus nerve; the nerve, in turn, stimulates the brain.

ECT

Electroconvulsive Therapy is a mental health treatment where seizures are deliberately triggered in patients using electrical currents to alleviate symptoms of mental illnesses.

Second-Generation Antidepressants

A group of antidepressant medications that include selective serotonin reuptake inhibitors (SSRIs), serotonin-norepinephrine reuptake inhibitors (SNRIs), and others, often preferred due to their favorable side effect profiles compared to first-generation antidepressants.

MAO Inhibitors

A class of antidepressant drugs that work by inhibiting the action of monoamine oxidase, an enzyme that breaks down neurotransmitters in the brain.