Using the Elasticity Approach,estimate the New Price of a $100 $\$ 97 \quad 565.32$

question 36

Multiple Choice

Using the elasticity approach,estimate the new price of a $100 000 90-day bank-accepted bill when the yield decreases from 9% to 7% p.a.

• A) \( \$ 97 \quad 565.32 \)
• B) \( \$ 98 \quad 565.32 \)
• C) \( \$ 98 \quad 537.08 \)
• D) \( \$ 97 \quad 357.08 \)

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Definitions:

Mass Media

refers to various means of communication (such as television, newspapers, radio, and the internet) that reach a large audience simultaneously, influencing public opinion and disseminating information.

Social Control

Mechanisms, both formal and informal, employed by a society to regulate individual and group behavior, conforming to established norms and laws.

Mass Medium

Forms of communication, such as television, newspapers, and the internet, designed to reach large audiences and influence the views and behaviors of the public.

Radio

A medium for broadcasting audio content to the public over the airwaves, using electromagnetic waves to transmit news, music, and other programming.