Multiple Choice
The quantity demanded of a product rises from 200 000 to 300 000 units when its price falls from $4 to $1.The numerical value of the price of elasticity of demand for this product is therefore:
A) 3.00
B) 0.67
C) 0.17
D) 0.44
E) 0.33
Correct Answer:
Verified
Correct Answer:
Verified
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