If the Price of Apples Decreases by 2 Percent and Causes

question 57

Multiple Choice

If the price of apples decreases by 2 percent and causes apple consumption to increase by 4 percent, the price elasticity of demand is ____, indicating the demand is ____.

• A) 2; elastic
• B) 2; inelastic
• C) 0.5; elastic
• D) 0.5; inelastic

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Definitions:

Automobile Pedal

A lever operated with the foot in a vehicle, used for controlling its functions such as acceleration, braking, or clutch engagement.

Supination

The rotation of the forearm or foot so that the palm or sole is turned upwards or forwards.

Pronation

The rotational movement of the forearm or foot that turns the palm of the hand or sole of the foot downwards or inward.

Gait

Manner of walking.