If the Price Elasticity of Demand for Pineapple Is 0

question 52

Multiple Choice

If the price elasticity of demand for pineapple is 0.75,a 4% increase in the price of pineapple will lead to a:

• A)3% decrease in the quantity demanded of pineapple.
• B)3% increase in the quantity demanded of pineapple.
• C)4% decrease in the quantity demanded of pineapple.
• D)0.1875% increase in the quantity demanded of pineapple.

---

Definitions:

Id

A component of Sigmund Freud's psychoanalytic theory, representing the unorganized part of the personality structure that contains basic instinctual drives.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and unconscious and is responsible for reality testing and a sense of personal identity.

Superego

The component of the human psyche in Freudian psychoanalytic theory that holds internalized moral standards and ideals acquired from parents and society, governing over the ego.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.