Price Falls from $3 to $2,and the Quantity Demanded Rises

question 123

Multiple Choice

Price falls from $3 to $2,and the quantity demanded rises from 360 units to 400 units.What is the price elasticity of demand between these two prices?

• A) 0.26
• B) 10.51
• C) 0.68
• D) 3.80
• E) 2.04

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