Which One of the Following Will Yield a Measured Price

question 93

Multiple Choice

Which one of the following will yield a measured price elasticity of demand of 5.0? A 10 percent rise in price results in a

• A)10 percent decrease in quantity demanded.
• B)5 percent decrease in quantity demanded.
• C)2 percent decrease in quantity demanded.
• D)50 percent decrease in quantity demanded.
• E)0.5 percent decrease in quantity demanded.