The Calculated Price Elasticity of Demand

question 78

Multiple Choice

The calculated price elasticity of demand:

• A) is always a negative number, although it is sometimes reported as an absolute value.
• B) is sometimes negative and sometimes positive, depending on the magnitude of response.
• C) is always a positive number, because price and quantity are directly related in terms of demand.
• D) can be positive or negative, but is always reported as an absolute value.

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Definitions:

Outcomes

The results or effects of an action, situation, or event.

Salivary Glands

Glands located in and around the mouth and throat that produce saliva, which begins the process of digestion and helps maintain oral health.

Taste Buds

Sensory organs located on the tongue that enable the perception of taste, including sweetness, sourness, bitterness, saltiness, and umami.

Health Consequences

The outcomes or effects, positive or negative, that result from specific health behaviors or conditions.