If a 1 Percent Change in Price Results in a 5

Multiple Choice

If a 1 percent change in price results in a 5 percent change in quantity demanded,then

A) the price elasticity of demand is 5.
B) the slope of the demand curve is 1/5.
C) the slope of the demand curve is 5.
D) the price elasticity of demand is 1/5.
E) there is not enough information to calculate slope or elasticity.