Calculate the Price Elasticity If a Business Maintains Its Current

question 3

Multiple Choice

Calculate the price elasticity if a business maintains its current gross profit with a 5 percent price reduction and a 20 percent volume gain.

• A)-15
• B)-4
• C)4
• D)15
• E)25

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Definitions:

Etiology

The study of the causes or origins of disease or behavioral conditions.

Maladaptive Behaviour

Actions or tendencies that negatively affect an individual's ability to meet demands or adapt to changes in the environment.

Abnormal Behaviour

Actions, thoughts, or feelings that are considered to deviate from what is typically or socially acceptable.

Mood Disorders

A category of mental disorders involving persistent disturbances in a person’s emotional state, leading to significant distress and impaired functionality.