If the Demand for Apples Is Elastic,then an Increase in the Price

question 200

Multiple Choice

If the demand for apples is elastic,then an increase in the price of apples will

• A) increase total revenue of apple sellers.
• B) decrease total revenue of apple sellers.
• C) not change total revenue of apple sellers.
• D) There is not enough information to answer this question.

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Definitions:

Concrete Operational Stage

In Piaget’s theory, the stage of cognitive development (from about 7 to 11 years of age) during which children gain the mental operations that enable them to think logically about concrete events.

Egocentrism

The incapacity to distinguish between one's own viewpoint and that of another person.

Higher Levels

Refers to advanced stages or degrees of development, understanding, or achievement.

Lev Vygotsky

A psychologist best known for his theories on cognitive development, particularly the concept of the zone of proximal development and the importance of social interaction in learning.