The Average Price of Pineapples Fell from $5 to $4

question 354

Multiple Choice

The average price of pineapples fell from $5 to $4, and the quantity supplied decreased from 1 million to 900,000 units. Using the base method, the price elasticity of supply is

• A) 2.
• B) 0.5.
• C) -0.5.
• D) 0.47.

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Definitions:

Otitis Externa

An infection of the outer ear canal, often referred to as swimmer's ear, leading to inflammation, redness, and pain.

Ototoxic

Refers to substances that can cause temporary or permanent hearing loss or balance disorders due to damage to the inner ear.

Stapes

The smallest bone in the human body, located in the middle ear, and is involved in the conduction of sound vibrations to the inner ear.

Osseous Obstruction

A blockage or impediment within bone structures, often leading to reduced function or pain.