The Local Bakery Calculates the Price Elasticity of Demand for Its

question 92

Multiple Choice

The local bakery calculates the price elasticity of demand for its cinnamon rolls to be -1.25.This tells the owners that demand is ________ and price is ________ to the buyer.

• A) inelastic; less important than the quantity
• B) elastic; more important than the quantity
• C) unitary elastic; on the same level as quantity
• D) perfectly inelastic; everything
• E) perfectly elastic; meaningless

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Definitions:

Cerebral Aqueduct

A narrow channel located in the midbrain that connects the third and fourth ventricles of the brain, allowing the flow of cerebrospinal fluid.

Third Ventricle

A narrow fluid-filled space in the brain, part of the ventricular system that lies between the two halves of the thalamus.

Fourth Ventricle

A structure in the brain that lies within the hindbrain and is responsible for circulating cerebrospinal fluid.

Electroencephalogram

A test that records electrical activity in the brain, used to diagnose and monitor neurological conditions.