Suppose That in a Month the Price of a Cup

question 89

Multiple Choice

Suppose that in a month the price of a cup of coffee increases from $1 to $1.50. At the same time, the quantity of cups of coffee demanded decreases from 200 to 190. The price elasticity of demand for cups of coffee (calculated using the midpoint formula) is approximately

• A) 0.13.
• B) 0.5.
• C) 7.8.
• D) 20.

---

Definitions:

Ovulation

The release of an egg from the ovary, a part of the female reproductive cycle which allows for fertilization.

Masculine

Qualities, attributes, or roles traditionally associated with men and boys, often culturally defined.

Dominant

Exhibiting power or influence over others; in genetics, referring to a trait that is expressed in the phenotype when at least one allele is present.

Internet Relationships

Social interactions between individuals that are mediated through electronic devices and platforms, often characterized by a lack of physical presence.