Suppose the Quantity Demanded of Ice Cream Cones Increases from 400

question 241

Multiple Choice

Suppose the quantity demanded of ice cream cones increases from 400 to 425 cones a day when the price is reduced from $1.50 to $1.25. In this situation, the elasticity of demand, calculated using the average method, is

• A) 3.
• B) 1.
• C) 0.33.
• D) 1.33.

---

Definitions:

Death

Death is the cessation of all biological functions that sustain a living organism, marking the end of an individual's life.

Blindness

The condition of lacking visual perception due to physiological or neurological factors.

Amnesia

A condition characterized by a partial or total loss of memory, often due to brain injury, disease, or psychological trauma.

Primitive Brain

Refers to the brain structures responsible for basic survival functions, often associated with the brainstem and limbic system.