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:

Strain Reactions

Physical or emotional responses to stress or pressure, which can affect an individual's well-being and performance.

Stressful Events

Incidents or situations that trigger psychological stress responses in individuals.

Psychophysiology

The branch of psychology that studies the relationship between physiological processes and behavior.

Stress Response

The physical, mental, and emotional reactions or adjustments made as a response to perceived threats or challenges.