If the Price of Chocolate-Covered Peanuts Decreases from $1

question 203

Multiple Choice

If the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded increases from 180 bags to 220 bags, this indicates that, if other things are unchanged, the price elasticity of demand is:

• A) 0.
• B) -0.5.
• C) -1.
• D) -2.

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Definitions:

Ingestion

The act of taking food, drink, or another substance into the body through the mouth.

Lymph Nodes

Small, bean-shaped structures that are part of the mammalian immune system, filtering lymph and trapping pathogens.

Respiratory System

The biological system in animals and humans consisting of organs used for the process of respiration, including the lungs and airways.