If the Price of Pepsi-Cola Increases from 50 Cents to 60

question 92

Multiple Choice

If the price of Pepsi-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the demand for Pepsi-Cola is

• A)unit elastic
• B)perfectly elastic
• C)perfectly inelastic
• D)relatively elastic
• E)relatively inelastic

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Definitions:

Epigenetic Theory

The theory that external factors and the environment can affect gene expression and that these changes can be heritable, without altering the DNA sequence itself.

Behavioral Theory

A theory that focuses on explaining and predicting how individuals behave, emphasizing the effects of the environment on behavior.

Cognitive Theory

A theoretical perspective focusing on the processes of thinking, perceiving, remembering, and learning, which influence behavior.

Electra Complex

A concept in psychoanalytic theory referring to a girl's psychosexual competition with her mother for possession of her father.