Suppose That the Quantity of Lemonade Demanded Falls from 103

question 69

Multiple Choice

Suppose that the quantity of lemonade demanded falls from 103 000 litres per week to 97 000 litres per week as a result of a 10% increase in its price.The price elasticity of demand for lemonade is therefore

• A)0.6.
• B)6.0.
• C)1.97.
• D)1.03.
• E)impossible to compute unless we know the before and after prices.

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Definitions:

Androgen Insensitivity Syndrome

A genetic condition where a person who is genetically male (XY chromosomes) is resistant to male hormones (androgens), leading to the development of female physical traits but male genetic makeup.

Congenital Adrenal Hyperplasia

is a genetic disorder that affects the adrenal glands, leading to a disruption in hormone production and potentially affecting sexual development.

Klinefelter Syndrome

A genetic condition affecting males, characterized by an extra X chromosome, leading to symptoms such as reduced fertility, gynecomastia, and small testes.

Congenital Adrenal Hyperplasia

A genetic disorder affecting the adrenal glands, leading to an imbalance in steroid hormones.