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mattkat1010 mattkat1010
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5 years ago
A 2 percent rise in the price of a good leads to a 4 percent decrease in quantity demanded. The absolute price elasticity of demand is
A) 2.
B) 0.5.
C) 20.
D) 5.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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nicolepope23nicolepope23
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5 years ago
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mattkat1010 Author
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#2
5 years ago
Thanks for your help!
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