Answer the Question Based on the Following Data

question 97

Multiple Choice

Answer the question based on the following data. What is the price elasticity of demand over the range of $18 to $20?

• A)0.31
• B)3.28
• C)1.38
• D)0.73

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Definitions:

Inherited Traits

Characteristics or attributes that are passed from parents to their offspring through genes.

Personality

The blend of traits or attributes that create a person's unique personality.

Power Distance

A cultural dimension that describes how members of a society accept and expect the distribution of power to be inequitable.

Cultural Personality

The collective pattern of thinking, feeling, and acting that characterizes a group and influences members' behavior.