Suppose a Fall in the Price of a Good from $10

question 26

Multiple Choice

Suppose a fall in the price of a good from $10 to $8 leads to an increase in quantity demanded from 20 to 24 units. The price elasticity of demand is

• A)1.
• B)9/11.
• C)11/9.
• D)2.0.
• E)4.5/11.

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