Refer to the Information Provided in Figure 5

question 99

Multiple Choice

Refer to the information provided in Figure 5.2 below to answer the question(s) that follow. Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger decreases from $6 to $4, the price elasticity of demand equals ________. Use the midpoint formula.

• A) -0.35
• B) -0.71
• C) -1.4
• D) -2.4

---

Definitions:

Macrofinancing

Financial operations and policies on a large scale, often involving significant amounts of money and impacting the broader economy.

Exporting

The process of trading products or services made in one country with purchasers in a different country.

Direct Investment

An investment in which a company or individual holds a direct ownership stake in a foreign company or assets.

Global Market Entry Strategy

The planned method of delivering goods or services to a new target market and distributing them there.