Multiple Choice
Suppose when the price of calculators is $10,the quantity demanded is 100,and when the price is $12,the quantity demanded drops to 80.Using the mid-point method,the price elasticity of demand is:
A) 1.5.
B) 0.81.
C) 150 percent.
D) 81 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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