Refer to the Information Provided in Figure 5

question 121

Multiple Choice

Refer to the information provided in Figure 5.2 below to answer the question(s) that follow. Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger decreases from $6 to $2, the price elasticity of demand equals ________. Use the midpoint formula.

• A) -0.25
• B) -0.5
• C) -2.0
• D) -4.0

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Definitions:

Behavioural Generalization

The application or transfer of learned behaviors to different situations outside of the original learning context.

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