A Peck Is of a Bushel

question 82

Multiple Choice

A peck is of a bushel. If the price elasticity of demand for peas is -0.10 when peas are measured in bushels, then when peas are measured in pecks, the price elasticity of demand for peas will be

• A) -0.10.
• B) -0.40.
• C) -0.03.
• D) -0.20.
• E) none of the above.

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Definitions:

Existential Import

In logic, refers to the assumption that a statement implies the existence of the subject it mentions.

Emotions

Complex psychological states involving subjective experiences, physiological responses, and behavioral or expressive reactions.

Motivation

The driving force behind individuals' actions, desires, and needs; a factor that prompts and sustains goal-oriented behaviors.

Personality

The relatively consistent blend of emotions, temperament, thought, and behavior that makes a person unique.