When the Price of a Product Increases from $35 to $45,the

question 338

Multiple Choice

When the price of a product increases from $35 to $45,the quantity supplied increases from 30 units to 40 units per week.Using the midpoint method,the price elasticity of supply is

• A) 0.00.
• B) -1.1.
• C) 1.14.
• D) 1.35.
• E) 0.88.

---

Definitions:

Participant Modeling

A therapeutic technique where a therapist demonstrates a behavior to help a client learn and reproduce it.

Cognitive Therapy

A form of psychotherapy focused on changing flawed patterns of thinking to alter unwanted behavior and emotions.

Psychologists

Professionals who study mental processes and behavior through research and application of psychological theories.

Prescribe Medications

The act of a licensed medical professional authorizing the use of specific drugs or treatments for a patient to treat or prevent illness.