If the Price Elasticity of Demand for a Good Is

question 20

Multiple Choice

If the price elasticity of demand for a good is 1.4,then a 14 percent increase in the quantity demanded must be the result of

• A)a 0.1 percent decrease in the price.
• B)a 1 percent decrease in the price.
• C)a 10 percent decrease in the price.
• D)a 19.6 percent decrease in the price.

Distinguish between short-term and long-term investment risks.

Understand the properties of logarithmic functions.

Interpret and graph logarithmic functions.

Understand and apply the change-of-base formula.

---

Definitions:

Conversion Disorder

A somatoform disorder in which a person suffers a loss of motor or sensory functioning in some part of the body; the loss has no physical cause but solves some psychological problem.

Social Phobias

Intense fear of social situations, leading to significant anxiety and avoidance of social interaction.

Specific

Distinct or particular to something or someone, as opposed to being general or vague.

Interactive

Involving communication or direct involvement with someone or something, which changes or has an effect upon contact.