​Figure 53

question 57

Multiple Choice

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.
-If a 10 percent increase in the price of gasoline results in a 2 percent decrease in the quantity demanded of gasoline, then the elasticity of demand for gasoline is:

• A)equal to 0.2 and demand is inelastic.
• B)equal to 0.2 and demand is elastic.
• C)equal to 0.02 and demand is elastic.
• D)equal to 0.5 and demand is inelastic.
• E)equal to 0.5 and the demand is elastic.

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Definitions:

Flex

The action of tightening a muscle or muscles to make it or them stand out or become rigid, often demonstrating strength.

Extend

To stretch or spread out; to prolong in duration or space.

Abduct

To move a limb or other part of the body away from the midline or another part of the body.

Skeletal Muscles

Muscles attached to bones that are responsible for movement, posture, and stability, known for being under voluntary control.