Hanvold Company recently changed the selling price of one of its products.Data concerning sales for comparable periods before and after the price change are presented below. 
The product's price elasticity of demand as defined in the text is closest to:
Definitions:
Property Rights
Legal rights to use, control, and dispose of land and property.
Legal Entity
An organization or structure that has legal rights and obligations, such as a corporation, partnership, or trust.
Doctrine of Marshaling Assets
A principle in equity that gives a junior creditor the right to request that senior creditors satisfy their claims from assets not pledged by the junior creditor, when possible.
Interest in the Partnership
Refers to a partner’s share or stake in both the assets and profits (or losses) of a partnership, often governed by a partnership agreement.
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