Solved

Table 53 -Refer to Table 5

Question 69

Multiple Choice

Table 5.3
 Quantity  Price  Good A 100$10120$9 Good B 200$20140$35\begin{array} { c c c } & \text { Quantity } & \text { Price } \\ \text { Good A } & 100 & \$ 10 \\& 120 & \$ 9 \\\\\text { Good B } & 200 & \$ 20 \\& 140 & \$ 35\end{array}
-Refer to Table 5.3,which shows the change in the quantity demanded for Good A and Good B as a result of the change in their price.Use the information to calculate the price elasticity of demand for Good A.


A) ?5/2
B) ?11/3
C) ?3/10
D) ?10/3
E) ?19/11

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions