Apharmaceutical company decides to increse the price of a brand name drug by 30%. if the price elasticity is .7, what percentage will sales change, and in what direction?

It would be around the egyptian area.

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.