Suppose a 10 Percent Increase in the Price of Textbooks

question 280

Multiple Choice

Suppose a 10 percent increase in the price of textbooks decreases the quantity demanded by 20 percent. The elasticity of demand for textbooks is

• A) 0.2.
• B) 2.0.
• C) 5.0.
• D) 10.0.

---

Definitions:

Emphasis

The act of giving special importance or prominence to something in speech or writing.

Italic

A style of font in which the letters slant to the right, often used for emphasis or distinction.

Bold

A typeface style that makes letters and symbols thicker and darker to add emphasis or attract attention.

Sentence Fragment

A sentence fragment is a group of words that does not express a complete thought and does not contain a subject and a predicate working together.