{"id":1044,"date":"2017-10-15T21:04:06","date_gmt":"2017-10-15T15:04:06","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/if-the-price-of-pork-chops-falls-from-8-to-6-and-this-leads-to-an-increase-pork-chops-at-a-pork-chop-price-of-6\/"},"modified":"2017-10-15T21:04:06","modified_gmt":"2017-10-15T15:04:06","slug":"if-the-price-of-pork-chops-falls-from-8-to-6-and-this-leads-to-an-increase-pork-chops-at-a-pork-chop-price-of-6","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/if-the-price-of-pork-chops-falls-from-8-to-6-and-this-leads-to-an-increase-pork-chops-at-a-pork-chop-price-of-6\/","title":{"rendered":"If the price of pork chops falls from $8 to $6, and this leads to an increase &#8230; pork chops at a pork chop price of $6?"},"content":{"rendered":"<p>If the price of pork chops falls from $8 to $6, and this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price-elasticity of apple sauce and pork chops at a pork chop price of $6?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"education_level":[],"class_list":["post-1044","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"If the price of pork chops falls from $8 to $6, and this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price-elasticity of apple sauce and pork chops at a pork chop price of $6? Answer is:\u00a0-0.86 .","mcq_options":[{"right":"no","answer":" -0.1.17"},{"right":"no","answer":"2.71"},{"right":"no","answer":"0.42"},{"right":"yes","answer":" -0.86 "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1044"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1044"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1044"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1044"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}