Answer:
B) 5 percent decrease in quantity demanded.
Explanation:
The price elasticity of demand is defined as the ratio of the percentage change in quantity demanded to the percentage change in price.
Given:
Price elasticity of demand, e = 0.5
Change in price, p = 10%
e = change in quantity demanded, q/change in price, p
q = 0.5 × 10
= 5 %
Change in quantity demanded, q = 5%
<span>a. the amount of interest you are charged on credit card purchases </span>
Answer:
Given:
On January 2, 2016:
Issued 15,000 shares of $10 par value
Common stock for $15 per share
On March 1, 2016: Alpha reacquired 1,000 of these shares when they were trading $20 each.
On September 1, 2016: Alpha reissued 500 shares of treasury stock at the going market rate of $25 per share.