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-The Above Figure Shows the Demand Curve for Movie Rentals

Question 99

Multiple Choice

-The above figure shows the demand curve for movie rentals from Blockbuster. If Blockbuster raised its price from $2.50 to $3.00 per movie, between these two prices the price elasticity of demand equals A) 2.0. B) 0.8. C) 1.2. D) 0.5.
-The above figure shows the demand curve for movie rentals from Blockbuster. If Blockbuster raised its price from $2.50 to $3.00 per movie, between these two prices the price elasticity of demand equals


A) 2.0.
B) 0.8.
C) 1.2.
D) 0.5.

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