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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
If gasoline prices rise by 20% and quantity demanded falls by 5%., then the price elasticity of demand is:
A) .05.
B) .15.
C) .20.
D) .25.
E) .40.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Another one in the books, marking it solved.
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#3
9 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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