Suppose That the Quantity Demanded of Skipping Ropes Rises from 1250

question 142

Multiple Choice

Suppose that the quantity demanded of skipping ropes rises from 1250 to 1750 units when the price falls from $1.25 to $0.75 per unit.The price elasticity of demand for this product is

• A)1/3.
• B)2/3.
• C)1.
• D)3/2.
• E)2.

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Definitions:

Single-use Plans

Strategic actions or initiatives designed to address a specific situation or problem one time only.

Commit Resources

The act of dedicating financial, human, and material assets toward a specific goal or project.

Zero-tolerance

A policy or stance that enforces strict compliance with laws, rules, or guidelines, and applies immediate punishment for infractions.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that affect working conditions or create a hostile work environment.