Which of the Following Could Be the Price Elasticity of Demand

question 189

Multiple Choice

Which of the following could be the price elasticity of demand for a good for which an increase in price would decrease revenue?

• A)0.6
• B)0.9
• C)1
• D)2.6

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Definitions:

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time as a result of two separate eggs being fertilized by two different sperm, sharing about 50% of their DNA.

Fertilized Egg

A cell formed by the union of a male sperm and a female ovum, marking the beginning of embryonic development.

Embryos

Early stages of development in multicellular organisms after fertilization and before birth, during which the basic structures of the organism are formed.

Heritable

Traits or characteristics that are passed from parents to offspring through genes.