There Was a 35 Percent Increase in Demand for a Product

question 137

Multiple Choice

There was a 35 percent increase in demand for a product after the seller decreased its price by 14 percent. Therefore, the price elasticity of demand is ________.

• A) 0.25
• B) 0.4
• C) -2.5
• D) 2.5
• E) -25

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Definitions:

Rotated 270 Degrees

Describes the action of rotating an object or image counter-clockwise so it stands at a 270-degree angle from its original position.

Split

Dividing a single entity into multiple parts or segments, often used in computing to break down data or in UI design to partition interfaces.

Merge

The process of combining two or more sets of information, text, files, or images into a single entity.

Animation

The process of designing, drawing, making layouts and preparation of photographic sequences which are integrated in multimedia and gaming products.