If the Elasticity Coefficient of Demand for Coconuts Is

question 38

Multiple Choice

If the elasticity coefficient of demand for coconuts is .40, then a 20% fall in price will result in:

• A)a 20% rise in quantity demanded.
• B)an 8% rise in quantity demanded.
• C)a 200% rise in quantity demanded.
• D)a 50% rise in quantity demanded.

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