The Quantity Demanded of Smartphones Increases by 15 Million Units

question 34

Multiple Choice

The quantity demanded of smartphones increases by 15 million units from an initial quantity of 22.5 million phones when its price drops from $500 to $300.Therefore the price elasticity of demand has a numerical value of:

• A)0.80
• B)1.20
• C)1.00
• D)1.67
• E)0.67

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Definitions:

Major Organic Product

The primary compound resulting from an organic reaction, often highlighting the significance of reactant structure and conditions used.

Organic Reaction

A process that involves a structural rearrangement of organic molecules, leading to the formation of new organic compounds.

Stereochemistry

The study of the spatial arrangement of atoms in molecules and the effects of these arrangements on the chemical and physical properties of substances.

Regiochemistry

The branch of chemistry that deals with the direction or orientation of chemical bond formation or breaking during a chemical reaction.