Suppose When the Price of Calculators Is $10,the Quantity Demanded

question 123

Multiple Choice

Suppose when the price of calculators is $10,the quantity demanded is 100,and when the price is $12,the quantity demanded drops to 80.Using the mid-point method,the price elasticity of demand is:

• A)1.5.
• B)0.81.
• C)150 percent.
• D)81 percent.

---

Definitions:

Gender Differences

The disparities in characteristics, behaviors, or attitudes observed between males and females, often shaped by both biological and social factors.

Play

A voluntary and intrinsically motivated activity typically associated with pleasure, exploration, and learning.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one’s abilities, appearance, and values.

Authoritarian

Relating to a governing or leadership style characterized by strict obedience to authority at the expense of personal freedom.