When the Price of Bread Increases by 3 Percent, the Quantity

question 73

Multiple Choice

When the price of bread increases by 3 percent, the quantity demanded of crackers increases by 2 percent. The cross elasticity of demand between crackers and bread is:

• A) 0.67.
• B) 1.5.
• C) 2.5.
• D) 3.2.

---

Definitions:

Power Bases

refer to the sources of power or authority an individual or group holds, such as expertise, coercion, or referent power.

Sense Of Belonging

A person's feeling of being accepted, valued, and connected to a group, community, or society.

Cults

Groups often characterized by a shared religious, philosophical, or spiritual belief system, typically led by a charismatic leader and not conforming to societal norms.

Obedience

The act of following the directives of an authority figure, which can be influenced by varying factors including cultural expectations and personal morality.