Suppose When the Price of Mascara Is $12,the Quantity Demanded

question 24

Multiple Choice

Suppose when the price of mascara is $12,the quantity demanded is 450,and when the price is $8,the quantity demanded is 550.Using the mid-point method,the price elasticity of demand is:

• A) -0.5
• B) -2.0
• C) -55
• D) -180

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