If the Price Elasticity of Demand for Good a Is

question 118

Multiple Choice

If the price elasticity of demand for Good A is -0.2 and the price increases from $2.25 to $2.75,the percentage change in the quantity demanded of Good A is

• A)-100 percent.
• B) 100 percent.
• C) 4.0 percent
• D) -4.0 percent.
• E) unknown because not enough information is provided.

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Definitions:

Libertarian Conservatives

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