Using the Midpoint Method,the Price Elasticity of Demand for a Good

question 248

Multiple Choice

Using the midpoint method,the price elasticity of demand for a good is computed to be approximately 0.75.Which of the following events is consistent with a 10 percent decrease in the quantity of the good demanded?

• A)a 7.5 increase in the price of the good
• B)a 13.33 percent increase in the price of the good
• C)an increase in the price of the good from $7.50 to $10
• D)an increase in the price of the good from $10 to $17.50

Identify the proper steps and considerations in scheduling appointments.

Recognize important practices when obtaining and prioritizing telephone messages.

Understand the features and use cases of various telephone and communication technologies.

Learn the appropriate responses to a range of caller behaviors and requests.

---

Definitions:

Social Media Plan

A comprehensive strategy outlining a brand's or individual's approach to engaging audiences on social media platforms.

Budgets

Financial plans that outline expected income and expenditures over a specific period, helping organizations or individuals manage their resources.

Guidelines

Official advice or information aimed at regulating behavior or procedures in specific situations or activities.

Measurement Strategy

A plan or approach to systematically gather, analyse, and interpret data to determine the effectiveness and impact of specific actions or campaigns, especially in marketing or social media contexts.