The Following Graph Depicts Demand

question 37

Multiple Choice

The following graph depicts demand.
Refer to the figure above.The price elasticity of demand at point C is:

• A) 3/16.
• B) 16/3.
• C) 3/4.
• D) 3/8.

---

Definitions:

External Motivation

The drive to perform a task or participate in an activity because of external rewards or pressures, as opposed to internal desire or satisfaction.

Positivism

a philosophical theory stating that certain ("positive") knowledge is based on natural phenomena and their properties and relations as verified by empirical sciences.

Exotic Species

are species that are introduced into a new habitat where they are not naturally found, often causing ecological disruption.