Research elasticity information for two particular goods: one with an elastic demand and one with an inelastic demand. Using elasticity information you gather, predict changes in demand

The price elasticity of demand for a product is 2.152.15. Given that the percentage change in price is 15%15%, what is the percentage change in quantity demanded? Round your answer to two decimal places if necessary.

If the price elasticity of demand for a good is 4, then a 12 percent decrease in price results in a 0.33 percent increase in the quantity demanded. 3 percent increase in the quantity demanded. 30 percent increase in the quantity demanded. 48 percent increase in the quantity demanded.

Question 18.18.   You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than 1.  To increase total revenues, you should:         increase the price of the software.        decrease the price of the software.        hold the price of the software constant.        increase the supply of the software. Question 19.19.   A state government wants to increase the taxes on cigarettes to increase tax revenue.  This tax would only be effective in raising new tax revenues if the price elasticity of demand is  unity.        elastic.        inelastic.        perfectly elastic. Question 20.20.   Movie theaters charge lower prices to see a movie in the afternoon than in the evening because there is an  inelastic supply of movies in the evening.        elastic demand to see movies in the evening.        elastic demand to see movies in the afternoon.        inelastic demand to see movies in the afternoon.