According to the Text,the Price Elasticity of Demand for Oranges

question 69

Multiple Choice

According to the text,the price elasticity of demand for oranges has been estimated to be -0.62.This implies that a doubling of the price of oranges would cause the quantity demanded of oranges to:

• A)increase by 6.2 percent.
• B)decrease by 6.2 percent.
• C)increase by 62 percent.
• D)decrease by 62 percent.

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Definitions:

Medulla

The medulla oblongata is the lower half of the brainstem, controlling vital autonomic functions such as heart rate, breathing, and blood pressure.

Breathe

The process of inhaling and exhaling air to facilitate gas exchange, primarily oxygen intake and carbon dioxide expulsion, in living organisms.

Hindbrain

The hindbrain is a part of the brain located towards its lower back area, responsible for fundamental life functions such as breathing, heart rate, and balance.

Medulla

An essential part of the brainstem that controls vital body functions such as breathing and heart rate.