Other things equal, and given that the elasticity of demand for health care is 0.2, a 10 percent increase in the price of health care in the United States will reduce the quantity of health care demanded by about:

The demand by all the consumers of a given good or service is the ________ for the good or service

A) market demand B) scheduled demand C) quantity demanded D) law of demand

Which of the following would shift the supply curve for MP3 players to the right?

A) a decrease in the number of firms that produce MP3 players B) an increase in the price of a substitute in production C) a decrease in the price of an input used to produce MP3 players D) an increase in consumer income (assuming that all MP3 players are normal goods)