Figure: Demand 1 in the Diagram, What Is the Elasticity

question 163

Multiple Choice

Figure: Demand 1 In the diagram, what is the elasticity of demand between a price of $100 and $200? Use the midpoint method of calculation to find your answer.

• A) -1.8.
• B) -0.9.
• C) -0.6.
• D) -0.2.

---

Definitions:

Pension Plan Asset

The resources set aside to meet future pension obligations, including investments and other assets.

IFRS

International Financial Reporting Standards is a set of accounting standards developed by the International Accounting Standards Board (IASB) that is applied globally.

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, a framework of accounting standards and procedures used in the U.S. to compile financial statements.

Prior Service Cost

The cost of retroactive benefits awarded in a pension plan amendment, which is recognized over future periods.