Table 4.2
-Refer to Table 4.2. A change in the price of calculators caused the change in quantity demanded shown in the table. The price elasticity of demand for calculators, using the initial-value formula, is
A) 25.
B) 1.75.
C) 0.75.
D) 0.25.

Question

Table 4.2
-Refer to Table 4.2. A change in the price of calculators caused the change in quantity demanded shown in the table. The price elasticity of demand for calculators, using the initial-value formula, is
A) 25. 
B) 1.75. 
C) 0.75. 
D) 0.25.

Quizplus · Accepted Answer

The Answer is C

Table 4.2 -Refer to Table 4.2. a Change in the Price of Price