A 12 percent increase in the quantity demanded must be the result of a 15% decrease in the price.
Given the data in the quest;
- Price Elasticity of demand;

- Increase in the Quantity demanded;

Price elasticity of demand
is simply the estimate of the difference in the quantity purchased of a product with respect to the difference in its price.
Now, Price elasticity of demand
by Percentage Method:
= percentage change in quantity demand / percentage change in price

That is;
We substitute in our values



Therefore, A 12 percent increase in the quantity demanded must be the result of 15% decrease in the price.
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You might want to reconsider your approach to the situation can be changed to " You can change your methods used in handling the situation.
<h3>What does reconsider your approach implies?</h3>
The phrase means to consider changing one's view in regards to something.
Note that You might want to reconsider your approach to the situation can be paraphrased to " You can change your methods used in handling the situation.
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#SPJ1
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There has been several evolution overtime. The one that tells how we understand the identities of Superman suggests that society's view of identity is known to be subjective.
- Here, the society takes identity at face value instead of the use of other form of evidence.
<h3>Why a subjective view?</h3>
From the study of the Superman's secret identity and its evolution, it therefore shows how the society really see the idea about identity.
Note that Clark Kent in the story has the same resemblance to Superman but they are of two identities types.
People often can see and accept one of the identity type they conform to them and ignore any kind of anomaly such as that of superman. So we can say that they are two different persons living two different lives.
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The term probability is known to be the number of times an event is expected to take place in the long run:
<h3>What is Lesson 30 understand probability about?</h3>
The lesson centers around probability and this term connote the likelihood of an event occurring.
Note that an event is known to be an experiment. An outcome is regarded also as one of the possible output of the event. The lesson helps us to know more and solving questions about chances and probability.
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