If at a Price of $10, Quantity Bought Will Be

question 75

Multiple Choice

If at a price of $10, quantity bought will be 5400 per day, and at $15, quantity bought will be 4600 per day, then the price elasticity of demand is approximately:

• A)0.2.
• B)0.4.
• C)0.6.
• D)2.5.
• E)6.0.

---

Definitions:

Technical Skills

Specific abilities or knowledge that is required to perform particular tasks, especially relating to technological or scientific fields.

Distance Learning

A method of learning that allows students to study most or all of a course without attending a campus-based institution.

Online

Connected to, served by, or available through a computer or computer network.

Lectures

A method of teaching by giving a discourse on a particular subject before an audience, typically used in universities and colleges.