Exhibit 5-3 -Use the Information in Exhibit 5-3 to Calculate the Value

question 100

Multiple Choice

Exhibit 5-3

-Use the information in Exhibit 5-3 to calculate the value of price elasticity of demand for restaurant meals.

• A) -1/2
• B) -5/3
• C) -3/5
• D) -3/7
• E) -7/3

---

Definitions:

UVB

Ultraviolet B light, a component of sunlight with wavelengths between 280-315 nm, known for its role in vitamin D synthesis and skin tanning.

CFCs

Chlorofluorocarbons, compounds that were widely used as refrigerants and aerosol propellants but are harmful to the ozone layer.

Sulfur Oxides

Compounds formed from the combination of sulfur and oxygen, often produced by burning fossil fuels, and are significant contributors to pollution and acid rain.

Nitrous Oxides

A group of gases that include nitrogen dioxide and nitric oxide, which are significant atmospheric pollutants contributing to the greenhouse effect and depletion of the ozone layer.