the board of governors of the federal reserve system
Answer:
(A) -5/6
Explanation:
Price elasticity of demand = % change in quantity demanded ÷ % change in price
% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%
% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%
Price elasticity of demand = 50% ÷ -60% = -5/6
The blurring of the lines separating the subsets of the financial industry started in the <span>1990s. The blurring
of the lines that separate the subsets of the financial industry was initiated
in the 1990s under the regime of the president of the US, Bill Clinton. At the time,
the financial products were mainly loans, payment services, deposits, savings,
and fiduciary services. </span>
