A Fall in the Price of Cabbage from $10

question 449

Multiple Choice

A fall in the price of cabbage from $10.50 to $9.50 per bushel increases the quantity demanded from 18,800 to 21,200 bushels. The price elasticity of demand is

• A) 0.80.
• B) 1.20.
• C) 1.25.
• D) 8.00.

---

Definitions:

Learning Style

An individual's preferred way of gathering, processing, and comprehending information, which can affect how they learn.

Readiness

The state of being fully prepared or in a suitable condition for a specific action or purpose.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a fear of future events.

Fear of Failure

An emotional state characterized by the dread of not meeting a desired standard or outcome, potentially leading to avoidance behaviors.