If the Price Elasticity of Demand for Apples Is 0

question 155

Multiple Choice

If the price elasticity of demand for apples is 0.8,then a 2.4% increase in the price of apples will decrease the quantity demanded of apples by

• A)1.92%,and apples sellers' total revenue will increase as a result.
• B)1.92%,and apples sellers' total revenue will decrease as a result.
• C)3%,and apples sellers' total revenue will increase as a result.
• D)3%,and apples sellers' total revenue will decrease as a result.

---

Definitions:

Early Exposure

The experience of being introduced to environments, stimuli, or substances at a young age, which can impact development significantly.

Medulla

The lower part of the brainstem, controlling vital functions such as heartbeat and breathing.

Heartbeat and Breathing

The physiological functions of the cardiovascular and respiratory systems, signifying the rhythm of the heart and the inhalation-exhalation cycle of breathing.

Neurotransmitters

Chemical substances in the nervous system that transmit signals between neurons or from neurons to muscles, affecting various bodily functions and behaviors.