American<span> trade declined by up to 75 percent for </span>exports<span> and 50 percent for </span><span>imports</span>
What is the article, first of all?
The answer is D! I hope this helps!
The correct answer for the question that is being presented above is this one: (a) elastic demand. The measure of how demand changes after price adjustments is called elastic demand. T<span>he percentage change in quantity demanded is smaller than that in price. Hence, when the price is raised, the total revenue increases, and vice versa.</span>