Below Are Some Data on Price,income and Demand for Five

question 108

Multiple Choice

Below are some data on price,income and demand for five different time periods.

-Refer to the information above to answer this question.What is the price elasticity of demand for product X between years 1 and 2?

• A)0.31.
• B)1.0.
• C)3.2.
• D)22.2.

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