Aprice elasticity (e d) of −1.50 indicates that for a increase in price, quantity demanded will by a. ten percent; increase; fifteen percent b. one percent; increase; 1.50 units c. one percent; decrease; 1.50 percent d. one unit; increase; 1.50 units e. one unit; decrease; 1.50 percent

A price elasticity (E D) of −1.50 indicates that for one percent increase in price, quantity demanded will decrease 1.5% (correct answer is C)

Explanation:

Price elasticity of demand measures the % of change in the quantity demand over the % of change in the price. When a price increases demand fall.

%Q/%P=EP

-0.015/.01 = -1.5

In this case the demand is elastic so it is not recommended to rise the price because it will lower the revenues.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; break-even analysis;