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  3. Study Set
    Microeconomics
  4. Exam
    Exam 5: Elasticity of Demand and Supply
  5. Question
    Exhibit 5-1 -Use the Information in Exhibit 5-1 to Calculate the Price
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Exhibit 5-1 -Use the Information in Exhibit 5-1 to Calculate the Price

Question 3

Question 3

Multiple Choice

Exhibit 5-1
Exhibit 5-1    -Use the information in Exhibit 5-1 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
-Use the information in Exhibit 5-1 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:

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