Question
1) Nora, a highly motivated entrepreneur plans on applying for a business loan from Bank of America. She finds out that the percent change in
1) Nora, a highly motivated entrepreneur plans on applying for a business loan from Bank of America. She finds out that the percent change in price of business loans increased to 7% last month. This resulted in a 50% percent change in quantity demanded from 1000 applicants to 500 applicants. What is the business loans price elasticity?
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Essential Personal Finance A Practical Guide For Students
Authors: Lien Luu, Jonquil Lowe, Jason Butler, Tony Byrne
1st Edition
