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Lauren1 Lauren1
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Posts: 4120
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9 years ago
If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the price elasticity of demand is
A) 0.30.
B) 0.60.
C) 0.83.
D) 1.20.
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MrDerecheMrDereche
wrote...
#1
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9 years ago
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Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
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