If the Price of a Good Increases by 15% and Quantity

question 50

Multiple Choice

If the price of a good increases by 15% and quantity demanded changes by 20%,then the price elasticity of demand is equal to:

• A)0.75.
• B)approximately 0.33.
• C)approximately 1.33.
• D)1.

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SBAR Format

A structured method of communication designed for healthcare professionals to provide concise and focused information: Situation, Background, Assessment, Recommendation.