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.

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

answer; by looking at total product,marginal product,and changes in both after changes in inputs