If the Quantity of Bananas Sold Increases by 5 Percent

question 49

Multiple Choice

If the quantity of bananas sold increases by 5 percent when the price decreases by 10 percent, the price change occurs in the

• A) bottom half of the downward-sloping straight-line demand curve and total revenue decreases from this price change.
• B) bottom half of the downward-sloping straight-line demand curve and total revenue increases from this price change.
• C) top half of the downward-sloping straight-line demand curve and total revenue decreases from this price change.
• D) top half of the downward-sloping straight-line demand curve and total revenue increases from this price change.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Efficacy

The ability to produce a desired or intended result, often used in the context of therapeutic treatment's effectiveness.

Strengths-Based Approach

A method of enhancing individuals' capacities and potentials by focusing on their assets and strengths rather than weaknesses.

Coping Mechanisms

Strategies or behaviors that individuals use to manage or withstand stress, hardship, or trauma in their lives.