There Was a More Than Proportional Decrease in Quantity Demanded

question 68

Multiple Choice

There was a more than proportional decrease in quantity demanded for cupcakes when the local baker raised the price by 20%. The price elasticity of demand for cupcakes is:

• A) inelastic.
• B) elastic.
• C) perfectly inelastic.
• D) perfectly elastic.
• E) unitary elastic.

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Definitions:

Sensory Apparatus

The complex of sensory organs and parts an organism uses to detect changes in its environment.

Vestibular Receptors

are sensory receptors in the inner ear responsible for detecting movement and changes in the position of the head, important for balance and spatial orientation.

Body Position

The posture or arrangement of the body and its limbs, which can influence various physiological and psychological processes.

Movements

Any physical activity or change in position or posture, generated by the body's musculoskeletal system.