Suppose the Quantity Demanded of Ice Cream Cones Increases from 400

question 241

Multiple Choice

Suppose the quantity demanded of ice cream cones increases from 400 to 425 cones a day when the price is reduced from $1.50 to $1.25. In this situation, the elasticity of demand, calculated using the average method, is

• A) 3.
• B) 1.
• C) 0.33.
• D) 1.33.

---

Definitions:

Unwanted Effect

An undesirable or harmful outcome resulting from an action or medication.

Negative Therapy Effect

An adverse outcome in psychotherapy where the patient's symptoms worsen instead of improving.

Biopsychosocial Approach

A holistic perspective for understanding human health and illness that integrates biological, psychological, and social factors.

Biomedical

Pertaining to the application of biological and physiological principles to clinical practice and medical technology.