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Exhibit 19-3 Refer to Exhibit 19-3

Question 196

Multiple Choice

Exhibit 19-3 Exhibit 19-3 Refer to Exhibit 19-3. When price decreases from $5.50 to $4.50, the price elasticity of demand is A) 0.2. B) 0.5. C) 1.0. D) 2.0. E) 5.0. Refer to Exhibit 19-3. When price decreases from $5.50 to $4.50, the price elasticity of demand is


A) 0.2.
B) 0.5.
C) 1.0.
D) 2.0.
E) 5.0.

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