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The Table Given Below Reports the Price and Quantity Demanded

Question 57

Multiple Choice

The table given below reports the price and quantity demanded of a commodity. Table 5.1
The table given below reports the price and quantity demanded of a commodity. Table 5.1 - According to Table 5.1,when the price increases from $5 to $6,the price elasticity of demand is _____. A) 0.25 B) 1.0 C) 1.3 D) 1.8 E) 1.67
- According to Table 5.1,when the price increases from $5 to $6,the price elasticity of demand is _____.


A) 0.25
B) 1.0
C) 1.3
D) 1.8
E) 1.67

Correct Answer:

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