Table 5-3 The Following Table Shows the Demand Schedule for a Particular

question 36

Multiple Choice

Table 5-3
The following table shows the demand schedule for a particular good.

-Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is

• A) 0.43
• B) 0.67
• C) 1.50
• D) 2.33

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Definitions:

Demand Characteristics

Cues in an experiment that suggest to participants what the experimenter expects to find or how participants are expected to behave.

Demand Characteristic

Features of an experimental setting that cause participants to guess the purpose of the study and change their behavior.

Experimenter Expectancy

The phenomenon where the biases and expectations of the experimenter unconsciously influence the participants of an experiment.

Filler Items

Items included in a questionnaire measure to help disguise the true purpose of the measure.