If the Quantity of Bread Demanded Rises 2 Percent When

question 134

Multiple Choice

If the quantity of bread demanded rises 2 percent when the price of bread declines 10 percent, then the price elasticity of demand is:​

• A) ​0.2.
• B) ​1.
• C) ​ 2.
• D) 10.​
• E) ​ Cannot be determined.

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