If the Price Elasticity of Demand for Apples Is 0

question 155

Multiple Choice

If the price elasticity of demand for apples is 0.8,then a 2.4% increase in the price of apples will decrease the quantity demanded of apples by

• A)1.92%,and apples sellers' total revenue will increase as a result.
• B)1.92%,and apples sellers' total revenue will decrease as a result.
• C)3%,and apples sellers' total revenue will increase as a result.
• D)3%,and apples sellers' total revenue will decrease as a result.

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Definitions:

Apocrine

A type of gland that releases its secretions by shedding part of the cell, found mainly in underarm and groin areas.

Parotid

The largest salivary gland located near the ear, responsible for producing saliva to aid in digestion.

Capillary Permeability

The ability of blood capillary walls to allow the passage of substances in and out, crucial for nutrient exchange and waste removal.

Lysosomes

Membrane-bound organelles in cells containing enzymes that break down waste materials and cellular debris.