Answer:
Correct option is (A)
Explanation:
Given:
Percentage change in price = 10%
Decrease in quantity demanded in terms of percentage = -15%
Price elasticity of demand measures the proportional change in quantity demanded due to proportional change in price. It is given by the following formula:
Price elasticity of demand = % change in quantity demanded / % change in price.
= -15% / 10%
= -1.5
A negative coefficient of price elasticity goes with the law of demand that states that increase in prices lead to decrease in quantity demanded.
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I think it’s d. but im so sorry if im wrong!
AWS cloud feature will help resolve this issued as<u> Elasticity.</u>
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<h3>What is elasticity ?</h3>
Elasticity is an economic measure of how sensitive one economic factor is to changes in another. For example, changes in supply or demand to the change in price, or changes in demand to changes in income.
<h3>What is Hooke's law of elasticity?</h3>
Hooke's law, law of elasticity discovered by the English scientist Robert Hooke in 1660, which states that, for relatively small deformations of an object, the displacement or size of the deformation is directly proportional to the deforming force or load.
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To learn more about Elasticity, refer
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Answer:
The company or government goes into debt to those who purchase the bonds.( B.)
