If a 2 Percent Rise in Price Leads to a 4

question 113

Multiple Choice

If a 2 percent rise in price leads to a 4 percent decrease in quantity demanded,then demand is

• A) elastic and total revenue decreases.
• B) elastic and total revenue increases.
• C) inelastic and total revenue decreases.
• D) elastic, but we cannot tell what happens to total revenue without more information.
• E) Total revenue decreases but we cannot tell if the demand is elastic or inelastic without more information.

---

Definitions:

Dependent Variables

Dependent variables are the variables in an experiment or study that are being tested and measured, often to observe the effects of manipulating independent variables.

Childhood Obesity

A medical condition affecting children and adolescents, characterized by a body mass index (BMI) at or above the 95th percentile for children of the same age and sex.

Correlational Methods

Research methods that examine how variables are naturally related in the real world. The researcher makes no attempt to alter the variables or assign causation between them.

Personal Examples

Individual instances or situations from one's own life used to illustrate or explain a concept, idea, or phenomenon.