Multiple Choice
At a price of $5/hour,Karina wants to hire three workers.When the price rises to $7/hour,she wants to hire only two workers.Karina's price elasticity of demand for workers is
A) -0.83.
B) -1.20.
C) -0.33.
D) -0.40.
E) -0.10.
Correct Answer:
Verified
Correct Answer:
Verified
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