Table 53 -Refer to Table 5

question 69

Multiple Choice

Table 5.3
$$\begin{array} { c c c } & \text { Quantity } & \text { Price } \\ \text { Good A } & 100 & \$ 10 \\& 120 & \$ 9 \\\\\text { Good B } & 200 & \$ 20 \\& 140 & \$ 35\end{array}$$
-Refer to Table 5.3,which shows the change in the quantity demanded for Good A and Good B as a result of the change in their price.Use the information to calculate the price elasticity of demand for Good A.

• A)?5/2
• B)?11/3
• C)?3/10
• D)?10/3
• E)?19/11

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Definitions:

Nominal Rate of Return

The rate of return on an investment without adjusting for inflation.

Real Future Value

The measure of the future value of an investment or stream of cash flows, adjusted for inflation, to reflect the actual purchasing power of that future amount.

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Deposit Insurance

Deposit Insurance is a protection scheme for bank depositors that guarantees the safety of deposits in member banks, up to a certain limit, in the event of a bank failure.