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Lauren1 Lauren1
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Posts: 4120
Rep: 12 0
9 years ago
If the price of a movie ticket increases by 4 percent and the quantity of movies demanded falls by 2 percent, the price elasticity of demand is
A) 2.0.
B) 4.0.
C) 0.5.
D) some amount that cannot be determined without more information.
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MrDerecheMrDereche
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#1
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Posts: 4095
Rep: 304 0
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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