If 50 Units Are Sold at a Price of $20

question 245

Multiple Choice

If 50 units are sold at a price of $20 and 80 units are sold at a price of $15, what is the absolute value of the price elasticity of demand? Use the midpoint formula.

• A)0.17
• B)0.62
• C)1.62
• D)5

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Definitions:

Afterpotential

Afterpotential refers to the changes in membrane potential that follow an action potential in a neuron, often leading to either hyperpolarization or depolarization.

Threshold

The minimum level of stimulation required to trigger a neural impulse or a response in other signal-transmitting systems.

Voltage-Gated Channel

A type of ion channel that opens or closes in response to changes in membrane potential, critical for nerve impulse transmission.

Chemical Synapse

A junction between two nerve cells, where neurotransmitters are used to relay signals.