If a 50 Percent Increase in the Price of Hula

question 174

Multiple Choice

If a 50 percent increase in the price of hula hoops led to a 10 percent reduction in the quantity of hula hoops purchased, the price elasticity of demand is

• A) 5 and the demand for hula hoops is elastic.
• B) 0.2 and the demand for hula hoops is elastic.
• C) 5 and the demand for hula hoops is inelastic.
• D) 0.2 and the demand for hula hoops is inelastic.

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The responsible management and conservation of natural resources and the environment through sustainable practices.

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A concept whereby organizations consider the needs of all stakeholders when making decisions.

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Indicators used to evaluate the efficiency, effectiveness, and success of an organization or its employees.

Gender Pay Gap

The average difference in pay between men and women across occupations and industries, often reflecting systemic inequalities.