In the Figure Above,when the Price Falls from $5 to $4,the

question 202

Multiple Choice

In the figure above,when the price falls from $5 to $4,the price elasticity of demand is

• A) 2.
• B) 3.
• C) 0.75.
• D) 1.5.
• E) 0.33.

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Definitions:

Discomfort

a mild state of physical or psychological unease, often less intense than pain or distress, potentially caused by discomforting environment, situation, or stimulation.

Unfamiliar Culture

A set of social norms, beliefs, and practices that is different from one's own and often requires adjustment and learning to understand.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice and discrimination towards other groups.

Own Culture

Refers to the customs, beliefs, arts, institutions, and all other products of human work and thought created by a specific group of people or society.