The basic formula for the price elasticity of demand is: Group of answer choices percentage change in price/percentage change in quantity demanded. absolute decline in price/absolute increase in quantity demanded. absolute decline in quantity demanded/absolute increase in price. percentage change in quantity demanded/percentage change in price.

You have just made your first $5,500 contribution to your retirement account. assume you earn a return of 10 percent per year and make no additional contributions. a. what will your account be worth when you retire in 45 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what if you wait 10 years before contributing?