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Table 52 Shows the Change in the Quantity Demanded for Good

Question 40

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:

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