If the Price of a Movie Ticket Increases by 4

question 512

Multiple Choice

If the price of a movie ticket increases by 4 percent and the quantity of movies demanded falls by 2 percent, the price elasticity of demand is

• A) 2.0.
• B) 4.0.
• C) 0.5.
• D) some amount that cannot be determined without more information.

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Colloquial Expressions

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