A Decrease in the Supply of Sugar Increases the Price

question 409

Multiple Choice

A decrease in the supply of sugar increases the price of sugar from $1.00 a packet to $1.25 a packet. The quantity decreases from 100 packets a day to 80 packets a day. The price elasticity of demand of sugar is

• A) 0.75.
• B) 0.5.
• C) 1.0.
• D) 1.25.

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Definitions:

Major Organic Product

The primary product of a chemical reaction that has the highest yield, relative to other potential products.

Cycloheptene

A cyclic hydrocarbon with the molecular formula C7H12, featuring a seven-membered ring with one double bond.

N-Bromosuccinimide

A chemical reagent represented by the formula C4H4BrNO2, often used as a brominating and oxidation agent in organic synthesis.

HOMO

Highest Occupied Molecular Orbital, which is the highest energy molecular orbital that contains electrons in a molecule.