Exhibit 5-2  Price and Quantity Demanded Data Using Exhibit 5-2

question 50

Multiple Choice

Exhibit 5-2  Price and quantity demanded data Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?

• A) 1.
• B) 1.25.
• C) 0.8.
• D) 2.0.
• E) 0.4.

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