Specialty Chocolate Bars with a High Cocoa Content Have Been

question 135

Multiple Choice

Specialty chocolate bars with a high cocoa content have been drawing a lot of attention in gourmet circles in 2008 but the price of cocoa beans has increased more than 44 percent in this time period. In response to the increase in the price of cocoa beans, Rogue Chocolatier has increased the price of their gourmet chocolate bars by 20 percent. Rogue notices their firm's total revenue increased after the price increase. We can determine that the demand for Rogue's bars is

• A) inelastic.
• B) elastic.
• C) perfectly inelastic.
• D) unit elastic.

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Definitions:

Health Promotion Activities

Initiatives or actions undertaken to improve well-being and prevent health problems by encouraging healthy behaviors.

Continuing Care

Ongoing healthcare provided over an extended period, especially for individuals dealing with chronic conditions, disabilities, or long-term convalescence.

School Breakfast Program

A federally assisted meal program operating in public and nonprofit private schools and residential child care institutions, providing nutritionally balanced, low-cost or free breakfasts to children each school day.

Primary Care

Health care provided by a medical professional who acts as the first point of consultation for all patients within the healthcare system.