Table 5-7 The Following Table Shows a Portion of the Demand Schedule

question 337

Multiple Choice

Table 5-7
The following table shows a portion of the demand schedule for a particular good at various levels of income.
-Refer to Table 5-7. Using the midpoint method, when income equals $5,000, what is the price elasticity of demand between $8 and $12?

• A)0.56
• B)0.75
• C)1.33
• D)1.80

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Definitions:

Inhibition

When the presentation of the conditioned stimulus (CS) without the unconditioned stimulus (UCS) suppresses the conditioned response (CR).

Inappropriate Behavior

Actions that are deemed unacceptable or offensive based on societal norms and rules.

Consistently Administered

Refers to the systematic and regular application or enforcement of rules, treatments, or conditions in an experiment or learning environment.

Active Avoidance

A behavioral response in which an organism engages in an action to prevent or avoid an unpleasant stimulus.