When the Price of a Burrito Increases from $2 to $4,the

question 197

Multiple Choice

When the price of a burrito increases from $2 to $4,the quantity demanded decreases from 50 to 40.Using the midpoint method,the price elasticity of demand equals

• A) 1/3.
• B) 3.
• C) 2.
• D) 1.
• E) 1/2.

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Definitions:

Resilience

The capacity to recover quickly from difficulties; toughness or adaptability in facing challenges.

Attitude

A settled way of thinking or feeling about someone or something, typically reflected in a person’s behavior.

Empathetic

The ability to understand and share the feelings of another person from their perspective.

Impulse Control

The capacity to manage and restrain sudden desires or urges to act, thereby demonstrating self-discipline and decision-making skills.