At a Price of $1

question 156

Multiple Choice

At a price of $1.20, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.40, the coffee shop would be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about

• A) 0.15
• B) 2.5
• C) 0.375
• D) 2.60

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Definitions:

Simple Sentences

Sentences that contain only one independent clause and express a complete thought.

Language-Acquisition Device

The language-acquisition device is a hypothetical mechanism proposed by Noam Chomsky that the human brain is equipped with, facilitating the learning of language.

Universal Grammar

A similar underlying structure shared by all the world’s languages, according to linguist Noam Chomsky.

Noam Chomsky

An influential thinker in linguistics and cognitive science, known for his theory of generative grammar and critique of behaviorism.