Solved

A 10 Percent Increase in Price Leads to a 20

Question 178

Multiple Choice

A 10 percent increase in price leads to a 20 percent decrease in the quantity demanded.The price elasticity of demand is equal to

A) 0.5.
B) 1.0.
C) 2.0.
D) 20.0.
E) 10.0.

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