{"id":962,"date":"2017-10-21T10:58:01","date_gmt":"2017-10-21T04:58:01","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/you-are-the-manager-of-a-popular-hat-demand-by-5\/"},"modified":"2017-10-21T10:58:01","modified_gmt":"2017-10-21T04:58:01","slug":"you-are-the-manager-of-a-popular-hat-demand-by-5","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/you-are-the-manager-of-a-popular-hat-demand-by-5\/","title":{"rendered":"You are the manager of a popular hat&#8230;. demand by 5%?"},"content":{"rendered":"<p>You are the manager of a popular hat company. You know that the advertising elasticity of demand for your product is 0.25. How much will you have to increase advertising in order to increase demand by 5%?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-962","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"You are the manager of a popular hat company. You know that the advertising elasticity of demand for your product is 0.25. How much will you have to increase advertising in order to increase demand by 5%?Answer: 20%.","mcq_options":[{"right":"no","answer":" 0.05%"},{"right":"yes","answer":" 20%"},{"right":"no","answer":" 25%"},{"right":"no","answer":" 1.25%"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=962"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=962"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=962"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}