Compute the Approximate Elasticity of Demand from the Following Data

question 160

Multiple Choice

Compute the approximate elasticity of demand from the following data: $$\begin{array} { | l | c | c | } \hline & \text { Price } & \text { Quantity } \\\hline \text { Initial situation } & \$ 23 & 11.5 \\\hline \text { New situation } & 20 & 13.5 \\\hline\end{array}$$

• A).87.
• B)1.15.
• C)1.5.
• D)5.0.

---

Definitions:

Therapeutic Touch

A healing approach where practitioners claim to manipulate a patient's energy field to promote healing and well-being.

Universal Life Energy

A concept found in some alternative medicine and spiritual practices, referring to a non-physical energy that can promote healing and balance in the human body.

Skin Hunger

A term describing the psychological and physiological need for physical touch and human contact.

Older Adults

signifies individuals in a later stage of life, often considered to be those 65 years and older, with specific health care and social needs.