Exhibit 5-2 Price and quantity demanded data The data in Exhibit 5-2 shows that price elasticity of demand is:
A) increasing as the price decreases.
B) decreasing as the price increases.
C) increasing as the quantity increases.
D) decreasing as the quantity decreases.
E) decreasing as the quantity increases.

Question

Exhibit 5-2  Price and quantity demanded data  The data in Exhibit 5-2 shows that price elasticity of demand is:
A) increasing as the price decreases. 
B) decreasing as the price increases. 
C) increasing as the quantity increases. 
D) decreasing as the quantity decreases. 
E) decreasing as the quantity increases.

Quizplus · Accepted Answer

The Answer of Exhibit 5-2  Price and quantity demanded data  The data in Exhibit 5-2 shows that price elasticity of demand is:
A) increasing as the price decreases. 
B) decreasing as the price increases. 
C) increasing as the quantity increases. 
D) decreasing as the quantity decreases. 
E) decreasing as the quantity increases.

Exhibit 5-2 Price and Quantity Demanded Data the Data in Exhibit