If a 12 Percent Fall in Price Results in an 8

question 2

Multiple Choice

If a 12 percent fall in price results in an 8 percent increase in quantity demanded,the price elasticity of demand equals

• A)0.96.
• B)0.12.
• C)0.67.
• D)1.5.
• E)0.8.

---

Definitions:

Whistle-blowing

The act of exposing any kind of information or activity within a private, public, or government organization that is deemed illegal, unethical, or not correct.

Reporting

The process of formally communicating information, outcomes, or progress through various means such as written documents, presentations, or verbal updates.

Ethical

Pertaining to or dealing with morals, principles of morality concerning right and wrong behavior.

Competition

Competition involves the rivalry between entities, such as businesses or individuals, striving for a common goal, such as market dominance or recognition, driving innovation and improvements.