Top Posters
Since Sunday
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
m
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Sublight2097 Sublight2097
wrote...
Go to Answer
Posts: 4132
Rep: 15 0
9 years ago
If each 10 percent increase in the price of gasoline reduces by 2 percent the quantity purchased, the price elasticity of demand for gasoline is
A) .2.
B) 5.
C) 8.
D) 12.
E) 20.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 218 times
3 Replies
Replies
Answer verified by a subject expert
DropxDropx
wrote...
#1
Top Poster
Posts: 1991
Rep: 225 0
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Sublight2097 Author
wrote...
#2
9 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
#3
9 years ago
Happy to help, let me know if you have any more requests.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  563 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 430
  
 1303
  
 793
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 437
Previous poll results: Who will win the 2024 president election?