A Local Krispy Kreme Doughnut Shop Reduced the Price of Its

question 188

Multiple Choice

A local Krispy Kreme doughnut shop reduced the price of its doughnuts from $4 per dozen to $3.50 per dozen, and as a result, the daily sales increased from 300 to 400 dozen. This indicates that the price elasticity of demand for the doughnuts was

• A) elastic.
• B) inelastic.
• C) of unitary elasticity.
• D) indeterminate; more information is needed to determine the price elasticity of demand.

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Definitions:

Sleep Apnea

A sleep disorder characterized by temporary cessations of breathing during sleep and repeated momentary awakenings.

Sleep Loss

The condition of not obtaining an adequate amount of sleep, either chronically or acutely, which can impair cognitive function and physical health.

Occasional Sleep

Periodic episodes of sleep outside the regular sleep schedule, which may arise due to various circumstances or conditions.

Physical Exercise

Physical Exercise is any bodily activity that enhances or maintains physical fitness and overall health and wellness.