The Price Elasticity of Demand for Stork Ice Cream Is

question 281

Multiple Choice

The price elasticity of demand for Stork ice cream is -4.Suppose you're told that following a price increase, quantity demanded fell by 10 percent.What was the percentage change in price that brought about this change in quantity demanded?

• A)40 percent
• B)25 percent
• C)2.5 percent
• D)0.4 percent

---

Definitions:

Tables

Structures consisting of rows and columns, used to organize data in a readable format.

Landscape Orientation

A page or screen layout where the width is greater than the height, used to better display certain types of content.

Printout

A hard copy of a document, image, or data, produced on paper through the use of a printer.

Layout View

A feature in database and document software that allows users to see how a document or database report will appear when printed or viewed onscreen.