Between 1880 and 2015, the Average P/E Ratio Was ________

question 115

Multiple Choice

Between 1880 and 2015, the average P/E ratio was ________ percent.

• A) 7.2
• B) 25.7
• C) 34.5
• D) 5.0
• E) 16.7

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Definitions:

Perfectly Inelastic

A situation in economics where the quantity demanded or supplied does not change regardless of changes in price.

Elasticity

A measure in economics that denotes the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Product Uses

The various applications or purposes for which a product is intended or can be utilized by consumers.

Unit Elasticity

A situation in economics where a change in the price of a good or service results in a proportionally equal change in the quantity demanded or supplied.