In the Figure Above,what Is the Point Price Elasticity of Demand

question 58

Multiple Choice

In the figure above,what is the point price elasticity of demand when price is $80?

• A)-0.50
• B)-0.75
• C)-1.00
• D)-1.60
• E)-2.00

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Definitions:

Sustainable Timber

Timber harvested in a way that maintains the long-term health and biodiversity of the forest, ensuring a continuous supply of wood.

Ramsar Sites

Wetland sites designated to be of international importance under the Ramsar Convention, aimed at conserving biological diversity and promoting sustainable use of wetlands.

Waterfowl Management

The practice of preserving and regulating habitats and populations of aquatic birds for ecological balance and human recreation.

Marine Sanctuaries

Marine sanctuaries are protected areas of seas, oceans, or large lakes, which are set aside to conserve marine life and its habitat.