Suppose 100 Pretzels Are Demanded at a Given Price

question 65

Multiple Choice

Suppose 100 pretzels are demanded at a given price.If the price of pretzels rises by 5% and the number of pretzels demanded falls to 92,it can be concluded that:.

• A)the demand for pretzels in the price range is elastic.
• B)the demand for pretzels in the price range is inelastic.
• C)the demand for pretzels in the price range is unit elastic.
• D)the price elasticity of demand for pretzels is zero.

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Definitions:

STL

The Standard Template Library, a C++ library of container classes, algorithms, and iterators.

Generic Data Types

A way to create functions or data structures that can operate on any data type in programming.

Hybrid Language

A programming language that combines elements of multiple programming paradigms, such as procedural and object-oriented programming.

C++

An object-oriented programming language that extends the C programming language, widely used for software development.