If the Price of Apples Decreases by 2 Percent and Causes

question 57

Multiple Choice

If the price of apples decreases by 2 percent and causes apple consumption to increase by 4 percent, the price elasticity of demand is ____, indicating the demand is ____.

• A) 2; elastic
• B) 2; inelastic
• C) 0.5; elastic
• D) 0.5; inelastic

---

Definitions:

Directionality

The quality of being oriented in a specific direction; in psychology, it can refer to the focus or orientation of motives or behaviors.

Persistence

The continued effort to do or achieve something despite difficulties, failure, or opposition.

Vigor

Physical strength, good health, or energy often exhibited through robust activity.

Nomothetic

Refers to the approach in psychology that aims to study what we share with others, focusing on general laws or principles that apply to all people.