{"id":1017,"date":"2017-10-20T09:44:47","date_gmt":"2017-10-20T03:44:47","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-the-own-price-elasticity-of-demand-for-good-x-is-0-5-and-that-the-price-of-goodx-increases-by-10-on-good-x\/"},"modified":"2017-10-20T09:44:47","modified_gmt":"2017-10-20T03:44:47","slug":"suppose-the-own-price-elasticity-of-demand-for-good-x-is-0-5-and-that-the-price-of-goodx-increases-by-10-on-good-x","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/suppose-the-own-price-elasticity-of-demand-for-good-x-is-0-5-and-that-the-price-of-goodx-increases-by-10-on-good-x\/","title":{"rendered":"Suppose the own-price elasticity of demand for good X is -0.5, and that the price of goodX increases by 10% &#8230;  on good X?"},"content":{"rendered":"<p><span class=\"tx\">Suppose the own-price elasticity of demand for good X is -0.5, and that the price of good<\/span><span class=\"tx\">X increases by 10%. What would you expect to happen to the total expenditures on good X?<\/span><\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"education_level":[],"class_list":["post-1017","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"<span class=\"tx\">\u00a0Suppose the own-price elasticity of demand for good X is -0.5, and that the price of good<\/span><span class=\"tx\">X increases by 10%. I expect to happen to the total expenditures on good X is\u00a0 Increase.<\/span>","mcq_options":[{"right":"yes","answer":"Increase"},{"right":"no","answer":"Decrease"},{"right":"no","answer":"Unchanged"},{"right":"no","answer":"Neither increase, decrease nor remain unchanged"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1017"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1017"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1017"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1017"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}