If 400 Apple Pies Are Sold at $4 Per Pie

question 69

Multiple Choice

If 400 apple pies are sold at $4 per pie, but 500 apple pies are sold at $3 per pie, we know from the total revenue rule:

• A)​that the demand for pies is elastic over that price range.
• B)​that the demand for pies is inelastic over that price range.
• C)​that the demand for pies is unit elastic over that price range.
• D)​nothing about the elasticity of demand.

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Forests located in the equatorial region characterized by high rainfall and biodiversity, often interchangeable with tropical rainforests but may include both rainforests and drier types.

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Gases in Earth’s atmosphere that trap heat, contributing to global warming and climate change.

Biodiversity

The variety of life in all its forms and ecosystems, including genetic, species, and ecosystem diversity.

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