Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Sublight2097 Sublight2097
wrote...
Go to Answer
Posts: 4132
Rep: 15 0
8 years ago
If textbook prices rise by 5% this year, and textbook purchases fall by 5% this year, then the price elasticity of demand is:
A) .05.
B) .10.
C) .55.
D) .95.
E) 1.0.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 817 times
3 Replies
Replies
Answer verified by a subject expert
DropxDropx
wrote...
#1
Top Poster
Posts: 1991
Rep: 225 0
8 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
8 years ago
Seriously, you've been tremendously helpful! Thank you.
wrote...
#3
8 years ago
Another success story!

I'm proud Smiling Face with Glasses
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1218 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 689
  
 1602
  
 1463
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Which 'study break' activity do you find most distracting?