menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    In the Figure Above,when the Price Rises from $3 to $4,the
Solved

In the Figure Above,when the Price Rises from $3 to $4,the

Question 165

Question 165

Multiple Choice

In the figure above,when the price rises from $3 to $4,the price elasticity of demand is


A) 1.4.
B) 2.
C) 0.71.
D) 0.4.
E) 1.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q160: Suppose the price of a ticket to

Q161: The price elasticity of demand measures the

Q162: The measure used to determine whether two

Q163: "The fewer the number of substitutes for

Q164: If a good is inferior,then it has

Q166: Which of the following is true?<br>i.The supply

Q167: What is the formula for the price

Q168: If the percentage change in the quantity

Q169: If the price elasticity of demand for

Q170: If a 5 percent decrease in income

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines