The Price of a Bag of Pretzels Rises from $2

question 96

Multiple Choice

The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60.What is the price elasticity of demand?

• A) 1.0
• B) 1.25
• C) 40.0
• D) 20.0
• E) 0.80

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Definitions:

Social Media

Digital platforms that allow users to create and share content or participate in social networking.

Suicidality

The likelihood or risk that an individual will attempt or commit suicide.

Impact

The strong effect or influence that something has on a situation or person.

Commit Suicide

The act of intentionally causing one’s own death.