Suppose When the Price of a Cookie Is $2

question 85

Multiple Choice

Suppose when the price of a cookie is $2.50,the quantity demanded is 50,and when the price is $1,the quantity demanded is 200.Using the midpoint method,the price elasticity of demand is:

• A) -1.40
• B) -0.72
• C) -140
• D) -7.2

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Definitions:

Rudimentary Behaviors

Basic or simple behaviors often instinctive or foundational in nature, typically seen in early development stages or simpler life forms.

Brain Abnormalities

Alterations in the structure or function of the brain that deviate from the typical, often associated with neurological or psychiatric conditions.

Disorders

Disruptions or abnormalities in function that hinder the normal operation of the body or mind.

Learned Behaviors

Learned behaviors are actions or reactions that organisms acquire through experience, often involving memory and skills developed from previous activities or teachings.