If the Price of Coffee Falls by 10 Percent and the Quantity

question 165

Multiple Choice

If the price of coffee falls by 10 percent and the quantity supplied of coffee falls by 1.5 percent, then the elasticity of supply of coffee is:

• A)10.
• B) 1.5.
• C) 0.15.
• D) 6.67.

---

Definitions:

REMs

Rapid Eye Movements, referring to the quick, darting movements of the eyes during certain stages of sleep associated with dreaming.

Psychoactive Drug

A chemical substance that changes brain function and results in alterations in perception, mood, or consciousness.

Withdrawal

The process of reducing dependence on or quitting a substance, activity, or habit, often leading to uncomfortable symptoms.

Selective Attention

The cognitive process of focusing on a particular object or task within the environment while ignoring irrelevant information.