Assume the Price Elasticity of Demand for U

question 100

Multiple Choice

Assume the price elasticity of demand for U.S.Frisbee Co.Frisbees is 0.5.If the company increases the price of each Frisbee from $12 to $16,the number of Frisbees demanded will

• A)Decrease by 14.3 percent.
• B)Decrease by 33.3 percent.
• C)Increase by 20.0 percent.
• D)Increase by 7.0 percent.

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Definitions:

Effectors

Biological structures that act in response to a signal from the nervous system.

Innervates

Refers to the supply of nerves to a specific body part, enabling sensation and movement.

Crossed Extensor Reflex

A reflex action that involves the simultaneous contraction of muscles on one side of the body and the relaxation of muscles on the opposite side, often in response to pain.

Withdrawal Reflex

An involuntary response to a harmful stimulus, resulting in the removal of a body part from the source of pain.