Table 52 -Refer to Table 5

question 63

Multiple Choice

Table 5.2
$\begin{array}{c}\begin{array}{lll}\\ \text {Old}\\ \text {New}\end{array}\begin{array}{lll}\text {Quantity}\\\hline 20\\10\end{array}\begin{array}{lll}\text{ Price}\\\hline \$ 40 \\ \$ 60 \end{array}\end{array}$


-Refer to Table 5.2,which shows the change in the quantity demanded for a product as a result of a change in the price of the product.Use the information to calculate the value of the price elasticity of demand.

• A)?2/3
• B)?1/3
• C)?3/5
• D)?5/3
• E)0

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Definitions:

Property, Plant

Refers to the long-term assets owned by a company that are used in producing goods or services. This category includes buildings, machinery, and equipment.

Financing Activities

Activities that result in changes in the size and composition of the equity and borrowings of a company.

Common Stock

Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Long-term Borrowings

Loans and financial obligations lasting more than one year, used by businesses to finance major investments or acquisitions.