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    Exam 5: Elasticity of Demand and Supply
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    Exhibit 5-2 -Use the Information in Exhibit 5-2 to Calculate the Value
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Exhibit 5-2 -Use the Information in Exhibit 5-2 to Calculate the Value

Question 230

Question 230

Multiple Choice

Exhibit 5-2
Exhibit 5-2    -Use the information in Exhibit 5-2 to calculate the value of price elasticity of demand. A)  -2/3 B)  -1/3 C)  -3/5 D)  -5/3 E)  0
-Use the information in Exhibit 5-2 to calculate the value of price elasticity of demand.


A) -2/3
B) -1/3
C) -3/5
D) -5/3
E) 0

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