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.

---

Definitions:

Hepatitis

Inflammation of the liver, often caused by viral infections, alcohol abuse, or other health conditions.

Pathogens

Microorganisms such as bacteria, viruses, and parasites that can cause disease in humans and other organisms.

Vaccination

The administration of a vaccine to stimulate an individual's immune system to develop adaptive immunity to a pathogen.

Immunity

The ability of an organism to resist a particular infection or toxin by the action of specific antibodies or sensitized white blood cells.