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  3. Study Set
    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
  5. Question
    Suppose the Price of a Movie Falls from $9 to $7.Using
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Suppose the Price of a Movie Falls from $9 to $7.Using

Question 3

Question 3

Multiple Choice

Suppose the price of a movie falls from $9 to $7.Using the midpoint method,what is the percentage change in price?


A) 33 percent
B) -33 percent
C) 25 percent
D) -25 percent
E) -97 percent

Correct Answer:

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