If = 150, and Price Decreases by 20 Percent, Then

question 22

Multiple Choice

If = 1.50, and price decreases by 20 percent, then:

• A)quantity demanded will decrease by 30 percent.
• B)quantity demanded will increase by 30 percent.
• C)total revenue will remain unchanged.
• D)total revenue will decrease.
• E)quantity demanded will increase by 3 percent.

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Definitions:

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Inhibitory

Pertaining to a neurotransmitter, neuron, or process that decreases the likelihood of a neuron firing and transmitting its message to other neurons.

Hormones

Chemical messengers produced by glands in the body that regulate physiological processes and behavior.

Endorphins

Natural, pain-relieving chemicals produced by the body that promote a sense of well-being and can reduce pain.