The Price of Cabbage Rises from $0

question 25

Essay

The price of cabbage rises from $0.20 per pound to $0.30 per pound.The quantity of cabbage demanded falls from 800 pounds per week to 600 pounds per week.Use the initial-value formula to calculate the price elasticity of demand for cabbage.Is the demand elastic,inelastic,or unit elastic?

---

Definitions:

Predict

To declare or indicate a future event or outcome based on observation, experience, or scientific reasoning.

Unconditional Positive Regard

A term in psychology that expresses accepting and supporting a person regardless of what they say or do, especially used in client-centered therapy.

Empathetically Listen

The act of listening with empathy, which involves fully understanding and being sensitive to the feelings and thoughts of another person.

Sobbing Uncontrollably

The act of crying with short, quick breaths, typically as a result of acute emotional distress, grief, or pain.