Table 4.3 -Refer to Table 4.3. a Change in the Price of Price

question 108

Multiple Choice

Table 4.3
-Refer to Table 4.3. A change in the price of computers caused the change in quantity demanded shown in the table. The price elasticity of demand (calculated using the initial value formula) is

• A) 4.
• B) 1.
• C) 0.25.
• D) 0.125.

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Definitions:

Unary Operator

An operator that takes a single operand and performs an operation, such as negation or increment.

Evaluates To 1

The process wherein an expression or condition results in the numeric value of 1, typically indicating a true or affirmative outcome.

Braces

Punctuation characters "{" and "}" used in programming to define the beginning and end of blocks of code, such as functions or control structures.

Block Of Statements

A group of statements enclosed by brackets or delimited in some way that are executed together.