Using Average Price and Average Quantity, Calculate the Price Elasticity

question 438

Multiple Choice

Using average price and average quantity, calculate the price elasticity of demand if a price rise from $8 to $10 and decreases the quantity demanded from 20 units to 15 units. The price elasticity of demand equals

• A) 2.5.
• B) 1.29.
• C) 0.78.
• D) 0.06

Explain the psychological constructs of locus of control and its implications on behaviour and attitude.

Identify major personality traits proposed by theorists like Eysenck and their biological underpinnings.

Understand different biases and their impact on research validity.

Recognize the historical foundations and key figures in psychology.

---

Definitions:

Screening Applicants

The process of evaluating job candidates to determine their suitability for a position, often involving the review of résumés and conducting interviews.

Applicant Pool

The collective set of candidates who have applied for a specific position or admission into a particular program or institution.

Soft Skills

Non-technical skills that relate to how you work. They include interpersonal skills, communication skills, listening skills, time management, and empathy.

Communication Skills

The ability to convey or share information effectively through speaking, writing, or other forms of interaction.