An Increase in the Price of Cheese Crackers from $2

question 52

Multiple Choice

An increase in the price of cheese crackers from $2.25 to $2.45 per box causes suppliers of cheese crackers to increase their quantity supplied from 125 boxes per minute to 145 boxes per minute.Using the midpoint method,supply is

• A)elastic,and the price elasticity of supply is 1.74.
• B)elastic,and the price elasticity of supply is 0.57.
• C)inelastic,and the price elasticity of supply is 1.74.
• D)inelastic,and the price elasticity of supply is 0.57.

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Definitions:

Vector Organisms

Animals like mosquitoes, ticks, and birds that carry and spread pathogens (germs or other infectious agents) in a given area.

Pathogens

Microorganisms, such as bacteria, viruses, fungi, or parasites, that can cause disease or illness in their host.

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An epidemic of an infectious disease that has spread across a large region, for instance multiple continents or worldwide, affecting a substantial number of people.