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Home Q & A Board Other Fields Homework Help Business Economics
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PaulKet PaulKet
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Posts: 488
Rep: 6 0
6 years ago
The above figure shows the demand curve for crude oil. If the market price is $10 a barrel, what is the price elasticity of demand?
A) -.02
B) -1
C) -10
D) -500
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 78 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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forrestforrest
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#1
Posts: 266
Rep: 3 0
6 years ago
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PaulKet Author
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6 years ago
Correct Slight Smile TY
Jose^2
wrote...

Yesterday
Thanks
Cdfields
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2 hours ago
Good timing, thanks!
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