Zumba Classes Sell All 20 Participant Spots at a Price

question 107

Multiple Choice

Zumba classes sell all 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people attended the class. From the midpoint method, the price elasticity of demand for Zumba is:

• A) -0.50.
• B) -3.33.
• C) -2.50.
• D) 0.20.
• E) -0.20.

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Definitions:

Biological Systems

Complex networks of biologically relevant entities or processes that interact within living organisms, facilitating life.

Peak Potential

This term suggests reaching the highest level of capability or performance that an individual is capable of achieving in a particular domain.

Physical Development

The biological process of growth and change that occurs in a person’s body over time, including both gross and fine motor skills.

Age 25-40

Refers to the age range typically associated with early adulthood to mid-adulthood, often marked by significant life milestones such as career development, starting a family, and establishing financial independence.