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John Is Appalled When He Is Charged $50 for a Cake

Question 32

Multiple Choice

John is appalled when he is charged $50 for a cake instead of its usual price of $25.When he is charged $50 instead of $40,he barely notices the difference.In the context of Weber's law,which of the following price increases for a cake would most likely be equally appalling to John?


A) $100 instead of $80
B) $100 instead of $50
C) $60 instead of $50
D) $60 instead of $80

Correct Answer:

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