A Local Krispy Kreme Doughnut Shop Reduced the Price of Its

question 188

Multiple Choice

A local Krispy Kreme doughnut shop reduced the price of its doughnuts from $4 per dozen to $3.50 per dozen, and as a result, the daily sales increased from 300 to 400 dozen. This indicates that the price elasticity of demand for the doughnuts was

• A) elastic.
• B) inelastic.
• C) of unitary elasticity.
• D) indeterminate; more information is needed to determine the price elasticity of demand.

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Definitions:

Long Bones

Bones that are longer than they are wide, primarily found in the arms, legs, hands, and feet, playing a crucial role in movement.

Ewing Sarcoma

A rare type of cancer that occurs in bones or in the soft tissue around the bones, most often affecting children and young adults.

Pelvic Area

The lower part of the torso, bounded by the pelvic bones, containing reproductive organs, the urinary bladder, and the rectum.

Primary Bone Cancer

A rare and severe form of cancer originating in the cells of the bone itself, not a metastasis from another location.