The Demand Function for Drangles Is Given by D(p)= (P

question 15

Multiple Choice

the demand function for drangles is given by D(p) = (p + 1) ^-2.If the price of drangles is $8, then the price elasticity of demand is

• A)-3.56.
• B)-5.33.
• C)-0.89.
• D)-7.11.
• E)-1.78.

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Definitions:

Personality Influences

The impact that an individual's character traits have on their behaviors, actions, and decisions.

Perceive Situations

The process of understanding or interpreting circumstances or events based on personal beliefs or attitudes.

React

To respond or behave in response to something, often spontaneously or without prior planning.

Polyphasic Behavior

This refers to the practice of breaking up sleep into multiple short periods throughout a 24-hour cycle, rather than having a single, long sleep period.