The Price of a Bag of Pretzels Rises from $2

question 96

Multiple Choice

The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60.What is the price elasticity of demand?

• A) 1.0
• B) 1.25
• C) 40.0
• D) 20.0
• E) 0.80

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Definitions:

Status Offense

A category of legal offenses that are only considered violations because of the age of the offender, such as truancy or underage drinking.

Illegal Matters

Issues or activities that are forbidden by law and subject to legal penalties if undertaken.

Sexual Promiscuity

A pattern of engaging in sexual activities with multiple partners or frequent, casual sex without lasting commitment.

Status Offense

A category of legal offenses that are only considered crimes if committed by juveniles, such as truancy or underage drinking.