Multiple Choice
As the price for some product increases from $4.00 to $5.00 per unit,quantity demanded decreases from 400 to 300 units per month.For this segment of the demand curve,the price elasticity of demand is
A) 7.
B) 9.
C) 7/9.
D) 1.
E) 9/7.
Correct Answer:
Verified
Correct Answer:
Verified
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