The Price of a Hamburger Increases by 25 Per Cent

question 4

True/False

The price of a hamburger increases by 25 per cent and the quantity of hamburgers demanded per week falls by 50 per cent.The price elasticity of demand is two.

---

Definitions:

Century

A period of one hundred years, often used as a measure of historical time.

Adapt

To make something suitable for a new use or purpose; to modify.

Kathryn Bigelow

An American film director known for her intense, action-packed films, such as "The Hurt Locker" and "Zero Dark Thirty," notable for breaking barriers as a female director in a male-dominated genre.

Sofia Coppola

An American director, producer, and screenwriter known for her distinctive style and films such as "Lost in Translation" and "The Virgin Suicides".