The Owner of a Local Pretzel Cart Has Estimated That

question 101

Multiple Choice

The owner of a local pretzel cart has estimated that if he lowers the price of pretzels from $4.00 to $3.00, he will increase sales from 800 to 1,100 pretzels per day. Using the midpoint formula, the demand for pretzels is

• A) elastic.
• B) inelastic.
• C) unit elastic.
• D) perfectly elastic.

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Definitions:

Cyberbullying

Employing online communication tools to intimidate or threaten someone by sending them such messages.

Harassing Messages

Unsolicited and aggressive communications that cause distress or discomfort to the recipient.

Organizational

Pertaining to the structure and functioning of an organization, including its processes, policies, and procedures.

Engaged People

Individuals who are fully absorbed by and enthusiastic about their work and so take positive action to further the organization’s reputation and interests.