If the Percentage Change in the Quantity Consumed of Pizza

question 76

Multiple Choice

If the percentage change in the quantity consumed of pizza is 8 percent and the percentage change in income is 2 percent,what is the income elasticity of demand for pizza?

• A) -0.25
• B) 4
• C) 0.25
• D) -4
• E) -1

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Definitions:

Mitochondrial Intermembrane

The space located between the inner and outer membranes of a mitochondrion, involved in energy production through the electron transport chain.

Aerobic Respiration

A metabolic process that uses oxygen from the air to release energy from glucose, producing carbon dioxide and water as waste.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to release stored energy through the oxidation of acetyl-CoA derived from carbohydrates, fats, and proteins.

Acetyl-CoA Formation

A crucial metabolic process in which acetyl-CoA is produced from carbohydrates, fats, and proteins and is used in the Krebs cycle for energy production.