Pick the Best Choice by Estimating

question 193

Multiple Choice

Pick the best choice by estimating. Do not measure. For metric measurements, do not attempt to convert to the U.S. system. The hardest part of the transition to the metric system is the transition to thinking in metrics. The width of a dollar bill is about __________.

• A) 5.5 m
• B) 1.3 cm
• C) 5.5 cm
• D) 0.55 m
• E) 0.55 cm

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting the good's sensitivity to price changes.

Orange Juice

A liquid extract derived from oranges, commonly consumed as a beverage rich in vitamin C.

Total Spending

The sum of money spent by consumers or a specific sector of the economy in a given time period.

Price

The sum of money needed to buy a product, service, or property.