Multiple Choice
Suppose at a price of $10 the quantity demanded is 100.When price falls to $8, the quantity demanded increases to 130.The price elasticity of demand between the prices of $10 and $8 is approximately:
A) -1.17.
B) -1.50.
C) -0.85.
D) -1.00.
Correct Answer:
Verified
Correct Answer:
Verified
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