The Price and Quantity Demanded of a Particular Smartphone App

question 17

Multiple Choice

The price and quantity demanded of a particular smartphone app are shown in the table below.

$\begin{array} { | l | c | c | c | c | c | c | c | c | } \hline \begin{array} { l } \text { Price } \\\text { (\$ per download) }\end{array} & \$ 0 & \$ 1 & \$ 2 & \$ 3 & \$ 4 & \$ 5 & \$ 6 & \$ 7 \\\hline \begin{array} { l } \text { Quantity Demanded } \\\text { (millions of downloads) }\end{array} & 7 & 6 & 5 & 4 & 3 & 2 & 1&0 \\\hline\end{array}$
-Between prices $6 and $7,the numerical value of the price elasticity of demand is:

• A)0.08
• B)7.0
• C)0.17
• D)13.0
• E)1.0

---

Definitions:

Id

In Freudian psychoanalysis, the part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the ethical and moral considerations in the personality.

Internalized

Internalized refers to processes or attributes that are deeply integrated into an individual's self-concept or belief system, often influencing behavior and attitudes.

Superego

The component of the psyche in psychoanalytic theory, operating as a moral check on the ego and embodying societal standards and values.