Multiple Choice
Table 5.2 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 in the table below to calculate the price elasticity of demand for Good A. Table 5.2
Quantity
Price
Good A
100
$10
120
$ 9
Good B
200
$20
140
$35
A) −5/2
B) −11/3
C) −3/10
D) −10/3
E) −19/11
Correct Answer:

Verified
Correct Answer:
Verified
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