The Price Elasticity of Demand for Tomatoes Is 1

question 29

Multiple Choice

The price elasticity of demand for tomatoes is 1.2 during the summer.If a drought causes the price of tomatoes to increase 15%,farmers can expect quantity demanded to

• A) decrease by 18%.
• B) increase by 18%.
• C) decrease by 12.5%.
• D) increase by 12.5%.

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Definitions:

Nitrite Ion

A polyatomic ion with a chemical formula of NO2-, commonly found in some foods and the environment, and known for its role in biological processes.

Branched Alkane

A type of alkane hydrocarbon with a tree-like structure, as opposed to linear alkanes, which improves fuel quality in terms of octane rating.

Methylpropane

Methylpropane, also known as isobutane, is a branched-chain alkane with the formula C4H10, used as a refrigerant and a propellant in aerosols.

Molecular Formula

A representation of the types and numbers of atoms present in a molecule, showing the exact composition of that molecule.