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    Exam 5: Elasticity of demand and supply
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    Tara Buys Four Music CDs When the Price Is $10
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Tara Buys Four Music CDs When the Price Is $10

Question 100

Question 100

Multiple Choice

Tara buys four music CDs when the price is $10 and two CDs when the price is $14.Her price elasticity of demand is (using the average values method) :


A) 0.
B) 1.
C) 2.
D) 3.
E) 4.

Correct Answer:

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