-Using the Data in the Table Above,when the Price of a Skirt

question 151

Multiple Choice

-Using the data in the table above,when the price of a skirt rises from $20 to $35,what is the price elasticity of demand? (Use the midpoint method.)

• A) 0.33
• B) 0.25
• C) 1.00
• D) 1.33
• E) 3.00

---

Definitions:

Federalism

A system of government in which power is divided between a central authority and constituent political units, such as states in the U.S.

Unitary

Refers to a centralized governmental structure where local or provincial divisions have little independent power outside the central authority's directives.

Confederal

Relating to a confederation, which is an alliance between sovereign states, where the central authority has limited powers and the member states retain a high degree of autonomy.

Government Style

The manner in which a government is organized and operates, often characterized by the distribution of power between branches and the methods of leadership.