When a Stationery Store Increases Its Price for a Popular

question 73

Multiple Choice

When a stationery store increases its price for a popular computer notebook from $1,000 to $1,250,its quantity demanded decreases from 400 to 250 per month.Its price elasticity of demand (expressed as a positive number) equals ________.

• A) 1.11
• B) 2.07
• C) 2.30
• D) 2.50

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