If 12 Candy Bars Are Demanded at

question 130

Multiple Choice

If 12 candy bars are demanded at $.30 each and 4 candy bars are demanded at $.50 each,what is the price elasticity of demand using the midpoint formula?

• A)2
• B).5
• C)7.5
• D).4
• E)1.67

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Definitions:

Trapezius

A large, triangular muscle extending over the back of the neck and shoulders, responsible for moving the scapula and support of the arm.

Levator Scapulae

A muscle in the back and side of the neck that elevates the scapular (shoulder blade).

Deltoid

A thick, triangular-shaped muscle covering the shoulder joint that is responsible for lifting the arm and giving the shoulder its range of motion.

Intrinsic

Referring to something that is inherent or natural to a particular entity or system.