At a Price of $10, Quantity Demanded Is 30 Units

question 55

Multiple Choice

At a price of $10, quantity demanded is 30 units. When the price rises to $11, quantity demanded is 24 units. What is the absolute price elasticity of demand?

• A) 0.5
• B) 0.43
• C) 2.33
• D) 6.0

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