Total Demand for a Movie Drops from 400 to 350

question 40

Multiple Choice

Total demand for a movie drops from 400 to 350 units when a theater operator increases the ticket price for a popular movie from $7 to $9.Price elasticity of demand (expressed as a positive number) equals ________.

• A) 0.125
• B) 0.53
• C) 0.67
• D) 2.50

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Definitions:

Biology

The systematic examination of living beings and life itself, focusing on their formation, operation, development, evolutionary history, and spatial spread.

Stimuli

External agents or occurrences that provoke a response from a living organism or a system.

Appropriate Situations

Contexts or circumstances that are considered suitable or fitting for a particular action, behavior, or decision.

Fleeting Smiles

Brief or transient expressions of happiness or satisfaction, usually shown on the face.