Multiple Choice
As the price for some product decreases from $4.00 to $3.00 per unit, quantity demanded increases from 400 to 500 units per day. For this segment of the demand curve, the price elasticity of demand is
A) 9/7.
B) 7/9.
C) 1.
D) 9.
E) 7.
Correct Answer:
Verified
Correct Answer:
Verified
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