INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 140

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The NAV would indicate the price at which you could buy shares in a [load | no load] mutual fund.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Midpoint Formula

A method for calculating the elasticity of demand or supply by using the average percentage change in both quantity and price.

Price Elasticity

This measures how sensitive the quantity demanded of a good or service is to a change in its price.

Midpoint Formula

A mathematical formula used to calculate the average or midpoint between two values.