Suppose the Price of a DVD Rose from $15 to $17

question 326

Multiple Choice

Suppose the price of a DVD rose from $15 to $17 and the quantity demanded decreased from 1,000 per month to 900 per month.Using the midpoint formula,the ________ percent change in price lead to a ________ percent change in the quantity demanded.

• A) 12.5; 10.5
• B) 13.3; 10.0
• C) 11.8; 11.1
• D) 8.0; 9.5
• E) None of the above answers are correct.

---

Definitions:

Efferent Neurons

Nerve cells that carry neural impulses away from the central nervous system to effectors such as muscles and glands.

Motor Neurons

Nerve cells that transmit signals from the brain and spinal cord to muscles, initiating movement.

Pineal Gland

A small, pinecone-shaped endocrine gland in the brain that produces melatonin, a hormone that regulates sleep-wake cycles.

Melatonin

A hormone made by the pineal gland that regulates sleep and wakefulness.