Paolo Owns a Pizza Shop

question 57

Multiple Choice

Paolo owns a pizza shop. The price of pizza recently increased from $3 to $5 a slice. Paolo responded by increasing the quantity of slices he supplied from 100 to 150 slices per day. By the midpoint method, Paolo's price elasticity of supply is:

• A) 1.25.
• B) 0.8.
• C) 0.75.
• D) 2.5.

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Definitions:

Electroencephalogram

An electroencephalogram (EEG) is a test that records electrical activity in the brain, used to diagnose neurological conditions and for scientific research into brain functions.

Electromyogram

A diagnostic test that measures the electrical activity of muscles in response to stimulation.

Functional MRI

Magnetic resonance imaging uses a magnet to obtain scans of structures of the brain. Functional magnetic resonance imaging (fMRI) provides information on the amount of activity in different brain structures.

Electrocardiogram

A medical test that records the electrical activity of the heart to detect heart problems.