If at a Price of $24, Octavia Sells 36 Home-Grown

question 205

Multiple Choice

If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids, the demand for her orchids is

• A)elastic.
• B)inelastic.
• C)unit elastic.
• D)perfectly elastic.

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Definitions:

After-School Program

Educational or recreational activities provided for children after the end of the regular school day.

Temporal Precedence

Temporal precedence refers to a chronological relationship in which a cause precedes its effect in time, indicating a possible causal relationship.

Covariation

The degree to which two variables vary together, which is used to suggest a potential causal relationship between them.

External Forces

Outside influences for change.