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Exhibit 5-3 Use the Information in Exhibit 5-3 to Calculate

Question 110

Multiple Choice

Exhibit 5-3 Exhibit 5-3 Use the information in Exhibit 5-3 to calculate the value of price elasticity of demand for restaurant meals. A) -1/2 B) -5/3 C) -3/5 D) -3/7 E) -7/3 Use the information in Exhibit 5-3 to calculate the value of price elasticity of demand for restaurant meals.


A) -1/2
B) -5/3
C) -3/5
D) -3/7
E) -7/3

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