Suppose That the Price Elasticity of Demand for Bottled Water

question 179

Multiple Choice

Suppose that the price elasticity of demand for bottled water in Sackville, New Brunswick is 1.5, while the price elasticity of demand for bottled water in Prince Albert, Saskatchewan is 0.93. This implies that the demand in Sackville is ________ and demand in Prince Albert is ________.

• A)unit elastic; unit elastic
• B)perfectly elastic; inelastic
• C)inelastic; elastic
• D)elastic; inelastic
• E)elastic; unit elastic

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Definitions:

Self-Esteem

The subjective evaluation of one's own worth or value as a person.

Heterogeneous

Consisting of elements or components that are different from each other, not uniform in structure or composition.

Normative Transition

Socially expected changes made by all or most members of a defined population.

Maturation

The process of development in which an individual matures or reaches a full or advanced stage of physical and emotional growth.