Exhibit 5-2 Price and quantity demanded data $$\begin{array} { | c | c | }
\hline \text { Price } & \text { Quantity Demanded } \
\hline 5 & 20 \
4 & 25 \
3 & 30 \
2 & 35 \
1 & 40 \
\hline
\end{array}$$ Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1.
B) 1.25.
C) 0.8.
D) 2.0.

Question

Exhibit 5-2 Price and quantity demanded data $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } \
\hline 5 & 20 \
4 & 25 \
3 & 30 \
2 & 35 \
1 & 40 \
\hline
\end{array}$$ Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1.
B) 1.25.
C) 0.8.
D) 2.0.

Quizplus · Accepted Answer

The Answer of Exhibit 5-2 Price and quantity demanded data $$\begin{array} { | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } \
\hline 5 & 20 \
4 & 25 \
3 & 30 \
2 & 35 \
1 & 40 \
\hline
\end{array}$$ Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1.
B) 1.25.
C) 0.8.
D) 2.0.

Exhibit 5-2 Price and Quantity Demanded Data Using Exhibit 5-2, What Is the Price Elasticity of Demand