Suppose That Quantity Demand Falls by 30% as a Result

question 192

Multiple Choice

Suppose that quantity demand falls by 30% as a result of a 5% increase in price.The price elasticity of demand for this good is

• A)inelastic and equal to 6.
• B)elastic and equal to 6.
• C)inelastic and equal to 0.17.
• D)elastic and equal to 0.17.

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Definitions:

Passive Euthanasia

Withholding or discontinuation of life-prolonging treatment of a terminally ill person in order to end suffering or allow death with dignity.

Active Euthanasia

Deliberate action taken to shorten the life of a terminally ill person in order to end suffering or to allow death with dignity; also called mercy killing.

Life-support Systems

Technologies or medical practices designed to maintain life by performing vital functions for the body.

Passive Euthanasia

The withholding or withdrawing of life-sustaining treatments to allow a person to die naturally, without the active intervention to cause death.