Zumba Classes Sell 20 Participant Spots at a Price of $4.50

question 123

Multiple Choice

Zumba classes sell 20 participant spots at a price of $4.50 each.When the instructor raised the prices to $5.50,10 people attended the class.From the midpoint method,the price elasticity of demand for Zumba is

• A)-0.50.
• B) -3.33.
• C) -2.50.
• D) 0.20.
• E) -0.20.

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Definitions:

Narcolepsy

A sleep disorder characterized by excessive daytime sleepiness and sudden attacks of sleep.

Insomnia

A sleep disorder characterized by difficulty in falling asleep, staying asleep, or obtaining restorative sleep.

Night Terrors

A sleep disorder causing feelings of panic or dread typically occurring in the early night and often accompanied by screaming, flailing, and intense fear, without the individual fully waking.

Complex Concept

An idea, theory, or principle that is composed of various interconnected parts, making it difficult to comprehend entirely without thorough analysis.