The Price and Quantity Demanded of a Particular Smartphone App

question 30

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 $3 and $4,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

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Definitions:

Trait Theory

A psychological perspective that focuses on the identification and measurement of consistent personality characteristics (traits) that vary among individuals.

Allport

Refers to Gordon Allport, a psychologist known for his theory of personality that emphasized the uniqueness of the individual and the concept of personal traits.

Personality

An individual's distinct and consistent patterns of feeling, thinking, and behaving.

Functional Autonomy

A concept introduced by psychologist Gordon Allport, suggesting that some behaviors might start with an external motive but become self-sustaining or autonomous over time.