Julia Knows the Price Elasticity of Movie Rentals Is 3

question 153

Multiple Choice

Julia knows the price elasticity of movie rentals is 3.She knows, therefore, that if she raises her price from $2 to $2.50, her rentals will drop by approximately

• A)150 percent.
• B)100 percent.
• C)75 percent.
• D)33 percent.

---

Definitions:

Big Five

A model describing human personality traits in terms of five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A characteristic of personality defined by feelings of emotional unpredictability, nervousness, being easily upset, concern, and melancholy.

Testis-Determining Factor

A protein coded by the SRY gene on the Y chromosome that triggers the development of the male phenotype, including testes formation, in mammals.

Testosterone

A steroid hormone that plays a key role in the development and maintenance of male physical characteristics, as well as influencing mood, energy levels, and sexual function.