Below Is a Graphical Representation of the Wheat Market in the Distant

question 181

Multiple Choice

Below is a graphical representation of the wheat market in the distant land of Nod.

-Refer to the graph above to answer this question.What is the price elasticity of demand between the original equilibrium and the new equilibrium after the increase in supply of 30 million bushels?

• A)0.44.
• B)0.5.
• C)2.
• D)2.25.

---

Definitions:

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce.

Whaling

A form of cyberattack targeting high-profile individuals within organizations or businesses, often through personalized phishing attempts.

Executive

A senior-level employee or an officer in an organization, typically responsible for making strategic decisions and overseeing operations.

Corporate Data

Information that is owned by a company, including customer, financial, and operational data.