Suppose That the Quantity of Chain Saws Sold Increased from 200

question 71

Multiple Choice

Suppose that the quantity of chain saws sold increased from 200 to 400 when the price fell from $225 to $175. Over this price range, the absolute value of the price elasticity of demand for chain saws is

• A) 0.25.
• B) 0.375.
• C) 1.0.
• D) 2.67.
• E) 4.0.

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